Iridium Communications Inc. (IRDM)
NASDAQ: IRDM · IEX Real-Time Price · USD
31.37
+1.68 (5.66%)
At close: Apr 26, 2024, 4:00 PM
31.82
+0.45 (1.43%)
After-hours: Apr 26, 2024, 5:06 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 44.25, with a low estimate of 30 and a high estimate of 57. The average target predicts an increase of 41.06% from the current stock price of 31.37.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 0 | 0 | 0 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BWS Financial | BWS Financial | Hold Maintains $30 | Hold | Maintains | $30 | -4.37% | Apr 22, 2024 |
| Barclays | Barclays | Buy Maintains $45 → $42 | Buy | Maintains | $45 → $42 | +33.89% | Feb 23, 2024 |
| BWS Financial | BWS Financial | Strong Buy → Hold Downgrades $30 | Strong Buy → Hold | Downgrades | $30 | -4.37% | Feb 16, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $53 → $48 | Strong Buy | Maintains | $53 → $48 | +53.01% | Feb 16, 2024 |
| LightShed Partners | LightShed Partners | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Feb 15, 2024 |
Financial Forecast
Revenue This Year
815.29M
from 790.72M
Increased by 3.11%
Revenue Next Year
828.43M
from 815.29M
Increased by 1.61%
EPS This Year
0.75
from 0.12
Increased by 528.72%
EPS Next Year
0.84
from 0.75
Increased by 11.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 855.1M | 880.7M | 888.3M | 948.2M | 1.0B |
| Avg | 815.3M | 828.4M | 862.9M | 921.1M | 983.3M |
| Low | 761.4M | 768.2M | 829.1M | 884.9M | 944.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.1% | 8.0% | 7.2% | 9.9% | 9.9% |
| Avg | 3.1% | 1.6% | 4.2% | 6.7% | 6.8% |
| Low | -3.7% | -5.8% | 0.1% | 2.6% | 2.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.04 | 1.30 |
| Avg | 0.75 | 0.84 |
| Low | 0.54 | 0.24 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 766.3% | 72.6% |
| Avg | 528.7% | 11.4% |
| Low | 349.2% | -68.8% |
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.