Iron Mountain (IRM) Stock Forecast, Price Target & Predictions


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IRM Stock Forecast


Iron Mountain stock forecast is as follows: an average price target of $112.00 (represents a -3.70% downside from IRM’s last price of $116.30) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

IRM Price Target


The average price target for Iron Mountain (IRM) is $112.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $140.00 to $66.00. This represents a potential -3.70% downside from IRM's last price of $116.30.

IRM Analyst Ratings


Buy

According to 5 Wall Street analysts, Iron Mountain's rating consensus is 'Buy'. The analyst rating breakdown for IRM stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Iron Mountain Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Eric LuebchowWells Fargo$135.00$123.429.38%16.08%
Oct 16, 2024George TongGoldman Sachs$130.00$122.006.56%11.78%
Oct 09, 2024Brendan LynchBarclays$133.00$118.8411.92%14.36%
Sep 23, 2024Shlomo RosenbaumStifel Nicolaus$140.00$115.3621.36%20.38%
Mar 15, 2024Eric LuebchowWells Fargo$90.00$78.6114.49%-22.61%
Aug 22, 2023Jonathan AtkinRBC Capital$68.00$59.8413.64%-41.53%
Dec 16, 2022-RBC Capital$58.00$52.2610.99%-50.13%
Dec 14, 2022-BNP Paribas$66.00$55.5418.83%-43.25%
Jun 25, 2022Brendan LynchBarclays$58.00$49.4617.27%-50.13%
Apr 16, 2022Shlomo RosenbaumStifel Nicolaus$62.00$55.4211.87%-46.69%
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The latest Iron Mountain stock forecast, released on Oct 17, 2024 by Eric Luebchow from Wells Fargo, set a price target of $135.00, which represents a 9.38% increase from the stock price at the time of the forecast ($123.42), and a 16.08% increase from IRM last price ($116.30).

Iron Mountain Price Target by Period


1M3M12M
# Anlaysts-45
Avg Price Target-$134.50$125.60
Last Closing Price$116.30$116.30$116.30
Upside/Downside-100.00%15.65%8.00%

In the current month, the average price target of Iron Mountain stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Iron Mountain's last price of $116.30. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Wells FargoOverweightOverweightHold
Oct 16, 2024Goldman SachsBuyBuyHold
Oct 09, 2024BarclaysOverweightOverweightHold
Jul 23, 2024Wells FargoOverweightOverweightHold
Aug 21, 2023RBC CapitalSector PerformOutperformUpgrade
Dec 16, 2022RBC Capital-Sector PerformInitialise
Dec 14, 2022Exane BNP Paribas-OutperformInitialise
Jun 25, 2022Barclays-OverweightInitialise
Feb 25, 2022Credit SuisseUnderperformUnderperformHold
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Iron Mountain's last stock rating was published by Wells Fargo on Oct 17, 2024. The company gave IRM a "Overweight" rating, the same as its previous rate.

Iron Mountain Financial Forecast


Iron Mountain Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.39B$1.36B$1.31B$1.28B$1.29B$1.29B$1.25B$1.16B$1.13B$1.12B$1.08B$1.06B$1.04B$982.24M$1.07B$1.08B$1.06B
Avg Forecast$1.83B$1.75B$1.73B$1.66B$1.77B$1.71B$1.69B$1.63B$1.60B$1.55B$1.50B$1.45B$1.45B$1.41B$1.35B$1.32B$1.32B$1.31B$1.30B$1.24B$1.15B$1.13B$1.09B$1.07B$1.04B$995.80M$933.06M$1.08B$1.07B$1.07B
High Forecast$1.85B$1.77B$1.76B$1.68B$1.79B$1.73B$1.71B$1.66B$1.61B$1.56B$1.50B$1.45B$1.47B$1.42B$1.37B$1.33B$1.33B$1.31B$1.30B$1.24B$1.15B$1.13B$1.09B$1.07B$1.04B$995.80M$933.06M$1.08B$1.07B$1.07B
Low Forecast$1.80B$1.73B$1.71B$1.63B$1.74B$1.69B$1.66B$1.62B$1.58B$1.55B$1.50B$1.45B$1.43B$1.40B$1.33B$1.30B$1.30B$1.31B$1.30B$1.24B$1.15B$1.13B$1.09B$1.07B$1.04B$995.80M$933.06M$1.08B$1.07B$1.07B
# Analysts22221114544456334444333339991313
Surprise %-------------0.98%1.00%1.00%0.97%0.98%0.99%1.01%1.01%1.00%1.02%1.01%1.02%1.04%1.05%0.99%1.01%0.99%

Iron Mountain's average Quarter revenue forecast for Dec 23 based on 5 analysts is $1.45B, with a low forecast of $1.43B, and a high forecast of $1.47B. IRM's average Quarter revenue forecast represents a 4.43% increase compared to the company's last Quarter revenue of $1.39B (Sep 23).

Iron Mountain EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114544456334444333339991313
EBITDA-------------$845.96M$941.16M$441.43M$574.62M$449.96M$423.84M$352.27M$380.68M$473.43M$561.79M$332.88M$523.27M$329.51M$272.47M$341.89M$334.96M$395.40M
Avg Forecast$621.99M$595.93M$589.72M$564.39M$600.33M$582.52M$573.87M$554.11M$542.80M$528.45M$511.58M$412.57M$492.98M$480.17M$460.34M$375.06M$387.34M$455.04M$451.69M$340.96M$397.37M$391.59M$379.03M$239.67M$360.82M$345.00M$323.26M$188.04M$371.62M$371.23M
High Forecast$629.50M$603.13M$596.84M$571.21M$607.58M$589.56M$580.80M$564.31M$546.20M$529.16M$511.58M$495.08M$498.94M$483.31M$465.90M$450.07M$464.81M$455.04M$451.69M$409.16M$397.37M$391.59M$379.03M$287.61M$360.82M$345.00M$323.26M$225.65M$371.62M$371.23M
Low Forecast$612.40M$586.75M$580.63M$555.69M$591.08M$573.55M$565.03M$550.71M$536.02M$527.75M$511.58M$330.05M$485.38M$476.90M$453.24M$300.05M$309.88M$455.04M$451.69M$272.77M$397.37M$391.59M$379.03M$191.74M$360.82M$345.00M$323.26M$150.43M$371.62M$371.23M
Surprise %-------------1.76%2.04%1.18%1.48%0.99%0.94%1.03%0.96%1.21%1.48%1.39%1.45%0.96%0.84%1.82%0.90%1.07%

5 analysts predict IRM's average Quarter EBITDA for Dec 23 to be $492.98M, with a high of $498.94M and a low of $485.38M. This is -41.73% lower than Iron Mountain's previous annual EBITDA (Sep 23) of $845.96M.

Iron Mountain Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114544456334444333339991313
Net Income-------------$91.04M$200.08M$64.59M$122.44M$192.16M$200.08M$42.30M$61.46M$67.68M$275.29M$45.60M$247.41M$38.39M$-7.09M$63.98M$37.70M$107.67M
Avg Forecast$189.89M$155.68M$130.44M$126.29M$165.93M$156.81M$140.08M$129.22M$156.92M$141.78M$123.61M$49.80M$133.41M$127.71M$96.50M$45.27M$62.73M$131.08M$118.71M$41.16M$117.74M$117.58M$103.85M$32.83M$92.71M$76.39M$37.23M$35.19M$93.58M$87.76M
High Forecast$192.88M$158.13M$132.49M$128.28M$168.53M$159.27M$142.27M$132.51M$159.56M$144.11M$125.55M$59.76M$134.68M$136.42M$98.01M$54.33M$75.27M$131.08M$118.71M$49.39M$117.74M$117.58M$103.85M$39.40M$92.71M$76.39M$37.23M$42.22M$93.58M$87.76M
Low Forecast$186.09M$152.56M$127.83M$123.76M$162.60M$153.67M$137.27M$127.03M$151.65M$139.44M$121.13M$39.84M$132.14M$119.00M$94.56M$36.22M$50.18M$131.08M$118.71M$32.92M$117.74M$117.58M$103.85M$26.27M$92.71M$76.39M$37.23M$28.15M$93.58M$87.76M
Surprise %-------------0.71%2.07%1.43%1.95%1.47%1.69%1.03%0.52%0.58%2.65%1.39%2.67%0.50%-0.19%1.82%0.40%1.23%

Iron Mountain's average Quarter net income forecast for Dec 23 is $133.41M, with a range of $132.14M to $134.68M. IRM's average Quarter net income forecast represents a 46.54% increase compared to the company's last Quarter net income of $91.04M (Sep 23).

Iron Mountain SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114544456334444333339991313
SG&A-------------$315.03M$311.81M$294.52M$279.16M$285.30M$295.39M$280.72M$262.46M$241.60M$259.78M$248.87M$227.74M$227.56M$225.33M$232.54M$230.61M$191.81M
Avg Forecast$416.37M$398.93M$394.77M$377.81M$401.87M$389.95M$384.16M$370.93M$363.36M$353.76M$342.46M$330.49M$330.01M$321.43M$308.16M$300.45M$267.05M$299.01M$296.80M$273.14M$261.11M$257.31M$249.06M$179.19M$237.09M$226.70M$212.41M$127.89M$244.19M$243.93M
High Forecast$421.40M$403.75M$399.54M$382.37M$406.73M$394.66M$388.80M$377.76M$365.63M$354.23M$342.46M$396.59M$334.00M$323.53M$311.88M$360.54M$320.46M$299.01M$296.80M$327.76M$261.11M$257.31M$249.06M$215.03M$237.09M$226.70M$212.41M$153.47M$244.19M$243.93M
Low Forecast$409.95M$392.78M$388.68M$371.99M$395.68M$383.94M$378.24M$368.66M$358.82M$353.28M$342.46M$264.40M$324.92M$319.25M$303.41M$240.36M$213.64M$299.01M$296.80M$218.51M$261.11M$257.31M$249.06M$143.35M$237.09M$226.70M$212.41M$102.32M$244.19M$243.93M
Surprise %-------------0.98%1.01%0.98%1.05%0.95%1.00%1.03%1.01%0.94%1.04%1.39%0.96%1.00%1.06%1.82%0.94%0.79%

Iron Mountain's average Quarter SG&A projection for Dec 23 is $330.01M, based on 5 Wall Street analysts, with a range of $324.92M to $334.00M. The forecast indicates a 4.75% rise compared to IRM last annual SG&A of $315.03M (Sep 23).

Iron Mountain EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114544456334444333339991313
EPS-------------$0.31$0.69$0.22$0.42$0.66$0.69$0.15$0.21$0.23$0.95$0.16$0.86$0.13$-0.02$0.22$0.13$0.37
Avg Forecast$0.65$0.53$0.44$0.43$0.57$0.53$0.48$0.44$0.53$0.48$0.42$0.42$0.45$0.43$0.33$0.35$0.44$0.44$0.40$0.37$0.40$0.40$0.35$0.29$0.31$0.26$0.13$0.18$0.32$0.30
High Forecast$0.66$0.54$0.45$0.44$0.57$0.54$0.48$0.45$0.54$0.49$0.43$0.42$0.46$0.46$0.33$0.36$0.44$0.44$0.40$0.37$0.40$0.40$0.35$0.29$0.31$0.26$0.13$0.18$0.32$0.30
Low Forecast$0.63$0.52$0.44$0.42$0.55$0.52$0.47$0.43$0.52$0.47$0.41$0.42$0.45$0.41$0.32$0.35$0.43$0.44$0.40$0.37$0.40$0.40$0.35$0.29$0.31$0.26$0.13$0.18$0.32$0.30
Surprise %-------------0.71%2.10%0.62%0.96%1.49%1.72%0.40%0.53%0.58%2.71%0.56%2.74%0.50%-0.16%1.20%0.41%1.25%

According to 5 Wall Street analysts, Iron Mountain's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.45 and a high estimate of $0.46. This represents a 46.58% increase compared to IRM previous annual EPS of $0.31 (Sep 23).

Iron Mountain Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HASIHannon Armstrong Sustainable Infrastructure Capital$28.05$41.4347.70%Buy
SBACSBA Communications$218.94$308.9441.11%Buy
CCICrown Castle$104.37$136.3030.59%Hold
AMTAmerican Tower$200.88$252.3325.61%Buy
GLPIGaming and Leisure Properties$50.54$54.327.48%Buy
IRMIron Mountain$116.30$112.00-3.70%Buy
EQIXEquinix$918.94$882.60-3.95%Buy
DLRDigital Realty Trust$185.91$159.30-14.31%Buy

IRM Forecast FAQ


Is Iron Mountain a good buy?

Yes, according to 5 Wall Street analysts, Iron Mountain (IRM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of IRM's total ratings.

What is IRM's price target?

Iron Mountain (IRM) average price target is $112 with a range of $66 to $140, implying a -3.70% from its last price of $116.3. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Iron Mountain stock go up soon?

According to Wall Street analysts' prediction for IRM stock, the company can go down by -3.70% (from the last price of $116.3 to the average price target of $112), up by 20.38% based on the highest stock price target, and down by -43.25% based on the lowest stock price target.

Can Iron Mountain stock reach $200?

IRM's average twelve months analyst stock price target of $112 does not support the claim that Iron Mountain can reach $200 in the near future.

What are Iron Mountain's analysts' financial forecasts?

Iron Mountain's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.8B (high $6.89B, low $6.71B), average EBITDA is $2.31B (high $2.34B, low $2.28B), average net income is $592.04M (high $602.59M, low $580.57M), average SG&A $1.55B (high $1.57B, low $1.53B), and average EPS is $2.02 (high $2.05, low $1.98). IRM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.97B (high $7.06B, low $6.87B), average EBITDA is $2.37B (high $2.4B, low $2.34B), average net income is $602.3M (high $611.77M, low $590.24M), average SG&A $1.59B (high $1.61B, low $1.56B), and average EPS is $2.05 (high $2.08, low $2.01).

Did the IRM's actual financial results beat the analysts' financial forecasts?

Based on Iron Mountain's last annual report (Dec 2022), the company's revenue was $5.1B, which missed the average analysts forecast of $5.17B by -1.24%. Apple's EBITDA was $1.8B, beating the average prediction of $1.64B by 10.13%. The company's net income was $556.98M, beating the average estimation of $353.68M by 57.48%. Apple's SG&A was $1.14B, beating the average forecast of $1.14B by 0.40%. Lastly, the company's EPS was $1.92, beating the average prediction of $1.65 by 16.10%. In terms of the last quarterly report (Sep 2023), Iron Mountain's revenue was $1.39B, missing the average analysts' forecast of $1.41B by -1.68%. The company's EBITDA was $845.96M, beating the average prediction of $480.17M by 76.18%. Iron Mountain's net income was $91.04M, missing the average estimation of $127.71M by -28.71%. The company's SG&A was $315.03M, missing the average forecast of $321.43M by -1.99%. Lastly, the company's EPS was $0.31, missing the average prediction of $0.435 by -28.73%