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
* 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 '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 1 | 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 | 4 | 4 | 4 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 10.2% | 12.4% | 15.3% | |||
Avg | 6.1% | 3.7% | 4.5% | |||
Low | 1.2% | -2.0% | -1.9% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
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.