Iron Mountain (NYSE:IRM) Stock Price Expected to Rise, Truist Financial Analyst Says

Iron Mountain (NYSE:IRM) had its target price lifted by investment analysts at Truist Financial from $140.00 to $155.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price indicates a potential upside of 27.69% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Barclays upped their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Iron Mountain Price Performance

NYSE IRM opened at $121.39 on Thursday. The company’s 50 day simple moving average is $124.19 and its 200 day simple moving average is $117.95. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68. The company has a market capitalization of $36.14 billion, a P/E ratio of 86.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, analysts anticipate that Iron Mountain will post 5.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,422 shares of company stock valued at $15,810,652 in the last three months. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

Hedge funds have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in Iron Mountain in the second quarter worth $27,000. Beaird Harris Wealth Management LLC boosted its holdings in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new position in Iron Mountain during the first quarter worth $31,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.