Analyst Expectations for Iridium Comms's Future
Portfolio Pulse from Benzinga Insights
Analysts have consistently rated Iridium Comms (NASDAQ:IRDM) as bullish over the last quarter with 4 positive ratings. The average 12-month price target for IRDM is $58.75, which is a decrease from the previous target of $64.33. This suggests a potential downside of 8.67% from the earlier price target.
November 10, 2023 | 3:00 pm
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NEGATIVE IMPACT
Iridium Comms received 4 bullish analyst ratings in the last quarter with no bearish or neutral ratings. The average price target is now $58.75, down from $64.33.
The consistent bullish ratings indicate positive sentiment among analysts, which could be good for IRDM's stock price. However, the reduced price target suggests that there may be factors that could lead to a potential decrease in the stock's value in the short term, hence the negative score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100