Iron Mountain (IRM) Stock Forecast, Price Target & Predictions
IRM Stock Forecast
Iron Mountain stock forecast is as follows: an average price target of $112.00 (represents a -2.18% downside from IRM’s last price of $114.50) 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 -2.18% downside from IRM's last price of $114.50.
IRM Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Eric Luebchow | Wells Fargo | $135.00 | $123.42 | 9.38% | 17.90% |
| Oct 16, 2024 | George Tong | Goldman Sachs | $130.00 | $122.00 | 6.56% | 13.54% |
| Oct 09, 2024 | Brendan Lynch | Barclays | $133.00 | $118.84 | 11.92% | 16.16% |
| Sep 23, 2024 | Shlomo Rosenbaum | Stifel Nicolaus | $140.00 | $115.36 | 21.36% | 22.27% |
| Mar 15, 2024 | Eric Luebchow | Wells Fargo | $90.00 | $78.61 | 14.49% | -21.40% |
| Aug 22, 2023 | Jonathan Atkin | RBC Capital | $68.00 | $59.84 | 13.64% | -40.61% |
| Dec 16, 2022 | - | RBC Capital | $58.00 | $52.26 | 10.99% | -49.34% |
| Dec 14, 2022 | - | BNP Paribas | $66.00 | $55.54 | 18.83% | -42.36% |
| Jun 25, 2022 | Brendan Lynch | Barclays | $58.00 | $49.46 | 17.27% | -49.34% |
| Apr 16, 2022 | Shlomo Rosenbaum | Stifel Nicolaus | $62.00 | $55.42 | 11.87% | -45.85% |
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 17.90% increase from IRM last price ($114.50).
Iron Mountain Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 5 |
| Avg Price Target | $132.50 | $134.50 | $125.60 |
| Last Closing Price | $114.50 | $114.50 | $114.50 |
| Upside/Downside | 15.72% | 17.47% | 9.69% |
In the current month, the average price target of Iron Mountain stock is $132.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.72% increase as opposed to Iron Mountain's last price of $114.50. This month's average price target is down -1.49% compared to last quarter, and up 5.49% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 09, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 23, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 21, 2023 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Dec 16, 2022 | RBC Capital | - | Sector Perform | Initialise |
| Dec 14, 2022 | Exane BNP Paribas | - | Outperform | Initialise |
| Jun 25, 2022 | Barclays | - | Overweight | Initialise |
| Feb 25, 2022 | Credit Suisse | Underperform | Underperform | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $1.86B | $1.78B | $1.76B | $1.69B | $1.79B | $1.74B | $1.71B | $1.66B | $1.62B | $1.56B | $1.50B | $1.45B | $1.47B | $1.42B | $1.38B | $1.34B | $1.34B | $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 | $1.79B | $1.71B | $1.70B | $1.62B | $1.73B | $1.67B | $1.65B | $1.62B | $1.59B | $1.55B | $1.50B | $1.45B | $1.42B | $1.40B | $1.32B | $1.29B | $1.29B | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| 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 $1.42B, 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| 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 | $633.65M | $607.11M | $600.77M | $574.97M | $611.58M | $593.44M | $584.63M | $564.50M | $552.98M | $538.36M | $521.17M | $412.57M | $502.22M | $489.17M | $468.97M | $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 | $643.75M | $616.79M | $610.35M | $584.13M | $621.33M | $602.90M | $593.95M | $574.89M | $559.93M | $539.08M | $521.17M | $495.08M | $510.23M | $492.37M | $476.44M | $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 | $619.59M | $593.64M | $587.45M | $562.22M | $598.02M | $580.28M | $571.66M | $561.04M | $549.50M | $537.64M | $521.17M | $330.05M | $491.08M | $485.84M | $458.56M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.73% | 2.01% | 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 $502.22M, with a high of $510.23M and a low of $491.08M. This is -40.63% lower than Iron Mountain's previous annual EBITDA (Sep 23) of $845.96M.
Iron Mountain Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| 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 | $193.83M | $158.91M | $133.14M | $128.91M | $169.36M | $160.06M | $142.98M | $132.51M | $159.56M | $144.11M | $126.17M | $59.76M | $134.68M | $136.42M | $98.49M | $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 | $184.42M | $151.19M | $126.68M | $122.65M | $161.14M | $152.29M | $136.04M | $127.03M | $151.65M | $139.44M | $120.04M | $39.84M | $132.14M | $119.00M | $93.71M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| 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 | $423.00M | $405.29M | $401.06M | $383.83M | $408.28M | $396.16M | $390.28M | $377.76M | $367.93M | $354.23M | $342.46M | $396.59M | $335.27M | $323.53M | $313.07M | $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 | $407.13M | $390.08M | $386.01M | $369.43M | $392.96M | $381.30M | $375.64M | $368.66M | $361.08M | $353.28M | $342.46M | $264.40M | $322.69M | $319.25M | $301.32M | $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 $322.69M to $335.27M. The forecast indicates a 4.75% rise compared to IRM last annual SG&A of $315.03M (Sep 23).
Iron Mountain EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 13 | 13 |
| 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 | $0.58 | $0.55 | $0.49 | $0.45 | $0.54 | $0.49 | $0.43 | $0.42 | $0.46 | $0.46 | $0.34 | $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 | $0.51 | $0.43 | $0.42 | $0.55 | $0.52 | $0.46 | $0.43 | $0.52 | $0.47 | $0.41 | $0.42 | $0.45 | $0.41 | $0.32 | $0.34 | $0.42 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HASI | Hannon Armstrong Sustainable Infrastructure Capital | $26.90 | $41.43 | 54.01% | Buy |
| SBAC | SBA Communications | $219.60 | $308.94 | 40.68% | Buy |
| CCI | Crown Castle | $102.25 | $136.30 | 33.30% | Hold |
| AMT | American Tower | $193.72 | $252.33 | 30.26% | Buy |
| GLPI | Gaming and Leisure Properties | $49.16 | $54.32 | 10.50% | Buy |
| IRM | Iron Mountain | $114.50 | $112.00 | -2.18% | Buy |
| EQIX | Equinix | $903.02 | $882.60 | -2.26% | Buy |
| DLR | Digital Realty Trust | $180.79 | $159.30 | -11.89% | Buy |