Iridium Communications Inc. (IRDM)
NASDAQ: IRDM · Real-Time Price · USD
28.47
+0.56 (2.01%)
At close: Nov 21, 2024, 4:00 PM
28.60
+0.13 (0.46%)
After-hours: Nov 21, 2024, 5:55 PM EST
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 44.01% from the current stock price of 28.47.
Analyst Consensus: Buy
* 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BWS Financial | BWS Financial | Hold Maintains $30 | Hold | Maintains | $30 | +5.37% | Oct 21, 2024 |
| BWS Financial | BWS Financial | Hold Reiterates $30 | Hold | Reiterates | $30 | +5.37% | Jul 24, 2024 |
| Barclays | Barclays | Buy Maintains $44 → $45 | Buy | Maintains | $44 → $45 | +58.06% | Jul 24, 2024 |
| Barclays | Barclays | Buy Maintains $42 → $44 | Buy | Maintains | $42 → $44 | +54.55% | Apr 26, 2024 |
| BWS Financial | BWS Financial | Hold Maintains $30 | Hold | Maintains | $30 | +5.37% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
839.56M
from 790.72M
Increased by 6.18%
Revenue Next Year
871.26M
from 839.56M
Increased by 3.78%
EPS This Year
0.84
from 0.12
Increased by 598.70%
EPS Next Year
0.98
from 0.84
Increased by 16.67%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 871.3M | 943.5M | 1.0B | ||
| Avg | 839.6M | 871.3M | 913.7M | ||
| Low | 800.0M | 822.6M | 854.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 12.4% | 15.1% | ||
| Avg | 6.2% | 3.8% | 4.9% | ||
| Low | 1.2% | -2.0% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.98 | 1.38 | 1.74 |
| Avg | 0.84 | 0.98 | 1.42 |
| Low | 0.75 | 0.74 | 1.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 713.8% | 64.1% | 78.2% |
| Avg | 598.7% | 16.7% | 45.3% |
| Low | 528.8% | -11.2% | 12.2% |
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.