Key Highlights:
- Iron Mountain (IRM, Financial) launches a digitization project with the U.S. Department of the Treasury.
- Wall Street analysts forecast a potential 13.37% upside for IRM shares.
- Current consensus suggests an "Outperform" status for Iron Mountain.
Iron Mountain (IRM) has embarked on an innovative project with the U.S. Department of the Treasury, leveraging its cutting-edge intelligent digitization technology. This strategic move is aimed at enhancing Iron Mountain's capabilities in data management and document storage, reinforcing its position as a leader in the industry.
Wall Street Analysts Forecast
According to insights from eight analysts, Iron Mountain Inc (IRM, Financial) is projected to reach an average target price of $116.38 over the next year. The forecasts range from a bullish high of $140.00 to a conservative low of $44.00. This average target price suggests a potential upside of 13.37% from the current trading price of $102.65. For more detailed price estimations, visit the Iron Mountain Inc (IRM) Forecast page.
With input from 10 brokerage firms, Iron Mountain Inc (IRM, Financial) currently holds an average brokerage recommendation of 2.2, indicating an "Outperform" status. The rating scale varies from 1 (Strong Buy) to 5 (Sell), positioning IRM as a favorable investment opportunity among analysts.
On the flip side, GuruFocus estimates suggest the GF Value for Iron Mountain Inc (IRM, Financial) in one year is projected at $84.12, indicating a potential downside of 18.05% from its current price of $102.65. The GF Value is GuruFocus' assessment of the stock's fair value, calculated using historical trading multiples, past business growth, and future performance forecasts. For further insights, please refer to the Iron Mountain Inc (IRM) Summary page.
