- Truist Securities gives Iron Mountain a boost with a "Buy" rating and a $95 price target.
- Analyst forecasts suggest a 45.13% upside from the current stock price of $80.42.
- Despite positive outlook, GuruFocus's Quant Rating advises "Strong Sell."
Iron Mountain Inc. (NYSE: IRM) saw its stock rise as Truist Securities initiated coverage with a "Buy" rating, targeting a price of $95. This positive outlook propelled shares up by 2.44% in pre-market trading, bringing the stock price to $79.42. The optimism stems from anticipated annual AFFO/share growth of 10%, largely driven by the company's strategic expansion into data centers. However, it's important to note the Quant Rating from GuruFocus still marks it as a "Strong Sell," presenting an interesting dynamic for potential investors.
Wall Street Analysts Forecast
According to the latest data collected from seven Wall Street analysts over a one-year period, Iron Mountain Inc. (IRM, Financial) is projected to reach an average target price of $116.71. Notably, these projections range from a high of $140.00 to a low of $45.00. The average target signals a potential upside of 45.13% from its existing price of $80.42. For those interested in more in-depth projections, visit the Iron Mountain Inc (IRM) Forecast page.
The consensus among nine brokerage firms positions Iron Mountain Inc. (IRM, Financial) with an average brokerage recommendation of 2.2, indicating it is currently regarded as "Outperform." Within their rating scale, 1 represents a "Strong Buy," and 5 indicates a "Sell," placing IRM closer to the buy-side spectrum.
GuruFocus's proprietary estimates peg the GF Value for Iron Mountain Inc. (IRM, Financial) at $80.11 over the next year. This suggests a marginal downside of 0.39% relative to its current trading price of $80.42. The GF Value represents GuruFocus's fair value estimation, calculated by considering the historical trade multiples, previous business growth, and anticipated future performance. Further insights can be accessed from the Iron Mountain Inc (IRM) Summary page.
