Iridium Communications Inc. (IRDM)
NASDAQ: IRDM · Real-Time Price · USD
29.21
-0.29 (-0.98%)
Dec 20, 2024, 4:00 PM EST - Market closed

Iridium Communications Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for IRDM stock have an average target of 41, with a low estimate of 30 and a high estimate of 48. The average target predicts an increase of 40.36% from the current stock price of 29.21.

Analyst Consensus: Buy
Target Low Average Median High
Price $30 $41 $45 $48
Change +2.70% +40.36% +54.06% +64.33%
* Price targets were last updated on Oct 21, 2024.

Analyst Ratings

The average analyst rating for IRDM stock from 4 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 Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 222111
Buy 111111
Hold 222222
Sell 000000
Strong Sell 000000
Total 555444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
BWS Financial
BWS Financial
Hold
Maintains
$30
Hold Maintains $30 +2.70% Oct 21, 2024
BWS Financial
BWS Financial
Hold
Reiterates
$30
Hold Reiterates $30 +2.70% Jul 24, 2024
Barclays
Barclays
Buy
Maintains
$44$45
Buy Maintains $44$45 +54.06% Jul 24, 2024
Barclays
Barclays
Buy
Maintains
$42$44
Buy Maintains $42$44 +50.63% Apr 26, 2024
BWS Financial
BWS Financial
Hold
Maintains
$30
Hold Maintains $30 +2.70% Apr 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
839.23M
from 790.72M
Increased by 6.13%
Revenue Next Year
870.17M
from 839.23M
Increased by 3.69%
EPS This Year
0.83
from 0.12
Increased by 595.78%
EPS Next Year
0.99
from 0.83
Increased by 18.24%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
560.44M583.44M614.50M721.03M790.72M839.23M870.17M909.70M
Revenue Growth
7.16%4.10%5.32%17.34%9.67%6.13%3.69%4.54%
EPS
-1.33-0.42-0.070.070.120.830.991.42
EPS Growth
----76.46%595.78%18.24%44.13%
Forward PE
-----34.9829.5920.53
No. Analysts -----10107
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
High 871.3M 943.5M 1.0B
Avg 839.2M 870.2M 909.7M
Low 800.0M 822.6M 854.0M

Revenue Growth

Revenue Growth 202420252026202720282029
High
10.2%
12.4%
15.3%
Avg
6.1%
3.7%
4.5%
Low
1.2%
-2.0%
-1.9%

EPS Forecast

EPS 202420252026
High 0.98 1.38 1.74
Avg 0.83 0.99 1.42
Low 0.75 0.74 1.10

EPS Growth

EPS Growth 202420252026
High
713.8%
64.7%
76.6%
Avg
595.8%
18.2%
44.1%
Low
528.8%
-10.8%
11.2%
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.