Iridium Communications Inc. (IRDM)
NASDAQ: IRDM · IEX Real-Time Price · USD
30.11
+0.19 (0.64%)
At close: May 31, 2024, 4:00 PM
30.13
+0.02 (0.07%)
After-hours: May 31, 2024, 6:18 PM EDT
Iridium Communications Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for IRDM stock have an average target of 44.75, with a low estimate of 30 and a high estimate of 57. The average target predicts an increase of 48.62% from the current stock price of 30.11.
Analyst Consensus: Buy
* Price targets were last updated on Apr 26, 2024.
Analyst Ratings
The average analyst rating for IRDM stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 0 | 0 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 6 | 6 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $42 → $44 | Buy | Maintains | $42 → $44 | +46.13% | Apr 26, 2024 |
| BWS Financial | BWS Financial | Hold Maintains $30 | Hold | Maintains | $30 | -0.37% | Apr 22, 2024 |
| Barclays | Barclays | Buy Maintains $45 → $42 | Buy | Maintains | $45 → $42 | +39.49% | Feb 23, 2024 |
| BWS Financial | BWS Financial | Strong Buy → Hold Downgrades $30 | Strong Buy → Hold | Downgrades | $30 | -0.37% | Feb 16, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $53 → $48 | Strong Buy | Maintains | $53 → $48 | +59.42% | Feb 16, 2024 |
Financial Forecast
Revenue This Year
829.83M
from 790.72M
Increased by 4.95%
Revenue Next Year
830.06M
from 829.83M
Increased by 0.03%
EPS This Year
0.78
from 0.12
Increased by 546.34%
EPS Next Year
1.00
from 0.78
Increased by 29.54%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 868.7M | 896.3M | 958.6M | 923.0M | 984.9M |
| Avg | 829.8M | 830.1M | 879.6M | 896.6M | 956.8M |
| Low | 789.9M | 761.4M | 820.3M | 861.4M | 919.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.9% | 8.0% | 15.5% | 4.9% | 9.9% |
| Avg | 4.9% | 0.0% | 6.0% | 1.9% | 6.7% |
| Low | -0.1% | -8.3% | -1.2% | -2.1% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.04 | 1.45 | 1.73 |
| Avg | 0.78 | 1.00 | 1.40 |
| Low | 0.58 | 0.76 | 1.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 766.3% | 86.8% | 72.4% |
| Avg | 546.3% | 29.5% | 39.1% |
| Low | 381.8% | -1.4% | 6.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.