4 Analysts Have This To Say About Iron Mountain
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their evaluations and price targets for Iron Mountain (NYSE:IRM), showing a positive shift in sentiment. The average 12-month price target has been raised to $81.5, marking a 13.19% increase from the previous target of $72.00. This adjustment reflects analysts' reactions to market conditions and Iron Mountain's performance, with recent ratings ranging from 'Overweight' to 'Buy'. Iron Mountain, a REIT specializing in record management services, has shown notable financial performance including an 11.01% revenue growth and a 12.01% ROE, despite a high debt-to-equity ratio of 69.87.
March 05, 2024 | 12:00 pm
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POSITIVE IMPACT
Iron Mountain's average 12-month price target has been raised to $81.5, reflecting a positive outlook from analysts. The company's financial performance, including revenue growth and ROE, supports this optimistic view, despite concerns over its high debt-to-equity ratio.
The increase in Iron Mountain's average price target to $81.5, up from $72.00, indicates a bullish sentiment among analysts, likely due to its strong revenue growth and ROE. The company's performance, particularly in revenue growth and profitability, has likely contributed to this positive outlook. However, its high debt-to-equity ratio is a point of concern that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100