Iridium Communications - IRDM Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $44.75
  • Forecasted Upside: 49.87%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 2 Buy Ratings
  • 1 Strong Buy Ratings
$29.86
▲ +0.54 (1.84%)

This chart shows the closing price for IRDM by one month, three months, or twelve months.

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Analyst Price Target for IRDM

Analyst Price Target is $44.75
▲ +49.87% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Iridium Communications in the last 3 months. The average price target is $44.75, with a high forecast of $57.00 and a low forecast of $30.00. The average price target represents a 49.87% upside from the last price of $29.86.

This chart shows the closing price for IRDM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 5 investment analysts is to moderate buy stock in Iridium Communications. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/30/2022
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/28/2023
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/29/2023
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/27/2023
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/25/2023
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/23/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/23/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/23/2024

Latest Recommendations

  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/26/2024BarclaysBoost TargetOverweight ➝ Overweight$42.00 ➝ $44.00Low
4/22/2024BWS FinancialReiterated RatingNeutral ➝ Neutral$30.00 ➝ $30.00Low
2/23/2024BarclaysLower TargetOverweight ➝ Overweight$45.00 ➝ $42.00Low
2/16/2024Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$53.00 ➝ $48.00Low
2/16/2024BWS FinancialDowngradeBuy ➝ Neutral$30.00Low
2/15/2024William BlairDowngradeOutperform ➝ Market PerformLow
11/10/2023Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$58.00 ➝ $53.00Low
11/10/2023William BlairReiterated RatingOutperformLow
10/20/2023Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$67.00 ➝ $58.00Low
9/18/2023Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$57.00Low
9/11/2023William BlairReiterated RatingOutperformLow
8/23/2023Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$68.00 ➝ $67.00Low
7/27/2023BarclaysUpgradeEqual Weight ➝ Overweight$66.00 ➝ $65.00Low
7/26/2023Raymond JamesLower TargetStrong-Buy$76.00 ➝ $68.00Low
7/21/2023BarclaysBoost TargetEqual Weight$45.00 ➝ $66.00Low
6/22/2023Deutsche Bank AktiengesellschaftInitiated CoverageHold$61.00Low
4/21/2023Morgan StanleyBoost TargetOverweight$66.00 ➝ $72.00Low
4/21/2023Raymond JamesBoost TargetStrong-Buy$71.00 ➝ $76.00Low
2/17/2023Raymond JamesBoost TargetStrong-Buy$60.00 ➝ $71.00N/A
1/9/2023BWS FinancialBoost TargetBuy$60.00 ➝ $75.00Low
10/21/2022Raymond JamesBoost TargetStrong-Buy$51.00 ➝ $60.00Low
10/19/2022BarclaysDowngradeOverweight ➝ Equal Weight$48.00 ➝ $45.00Low
10/17/2022Morgan StanleyBoost TargetOverweight$50.00 ➝ $64.00Low
2/21/2022BarclaysUpgradeEqual Weight ➝ Overweight$47.00Low
2/18/2022Raymond JamesUpgradeOutperform ➝ Strong-Buy$47.00 ➝ $51.00High
2/11/2022Morgan StanleyLower TargetOverweight$50.00 ➝ $48.00Low
1/27/2022SidotiUpgradeNeutral ➝ Buy$44.00High
10/20/2021Raymond JamesBoost TargetOutperform$46.00 ➝ $47.00Medium
10/20/2021BWS FinancialUpgradeNeutral ➝ Buy$37.00 ➝ $60.00Low
8/3/2021Morgan StanleyInitiated CoverageOverweight$50.00Low
7/26/2021BarclaysUpgradeUnderweight ➝ Equal Weight$35.50 ➝ $40.00Low
3/3/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$44.00High
2/12/2021BarclaysDowngradeOverweight ➝ Underweight$32.00 ➝ $38.00Low
2/8/2021Raymond JamesDowngradeOutperform ➝ Market PerformLow
1/20/2021BWS FinancialDowngradeBuy ➝ NeutralHigh
12/11/2020SidotiDowngradeBuy ➝ NeutralLow
10/21/2020BWS FinancialBoost TargetBuy$33.00 ➝ $37.00High
10/21/2020Raymond JamesBoost TargetOutperform$31.00 ➝ $32.00Low
7/29/2020Raymond JamesBoost TargetOutperform$28.00 ➝ $31.00High
4/29/2020BarclaysLower TargetOverweight$30.00 ➝ $29.00High
4/29/2020Raymond JamesLower TargetOutperform$32.00 ➝ $28.00High
3/17/2020SidotiUpgradeBuyHigh
2/26/2020Raymond JamesBoost TargetOutperform$28.00 ➝ $32.00High
2/18/2020SidotiDowngradeBuy ➝ Neutral$32.00Low
12/19/2019William BlairReiterated RatingBuyHigh
10/31/2019BarclaysReiterated RatingBuy$32.00Low
10/9/2019BarclaysSet TargetBuy$30.50Low
10/9/2019SidotiUpgradeNeutral ➝ Buy$26.00High
9/17/2019BWS FinancialSet TargetBuy$33.00Low
(Data available from 5/24/2019 forward)

News Sentiment Rating

1.17 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
10/27/2023
  • 2 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
11/26/2023
  • 6 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/26/2023
  • 13 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2024
  • 20 very positive mentions
  • 20 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/24/2024
  • 10 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
3/25/2024
  • 15 very positive mentions
  • 15 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
4/24/2024
  • 14 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/24/2024

Current Sentiment

  • 14 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Iridium Communications logo
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.
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Today's Range

Now: $29.86
Low: $29.49
High: $29.97

50 Day Range

MA: $27.96
Low: $24.65
High: $31.80

52 Week Range

Now: $29.86
Low: $24.14
High: $65.12

Volume

205,885 shs

Average Volume

1,087,062 shs

Market Capitalization

$3.63 billion

P/E Ratio

142.19

Dividend Yield

1.70%

Beta

0.78

Frequently Asked Questions

What sell-side analysts currently cover shares of Iridium Communications?

The following Wall Street research analysts have issued reports on Iridium Communications in the last twelve months: Barclays PLC, BWS Financial, Deutsche Bank Aktiengesellschaft, Raymond James, StockNews.com, TheStreet, and William Blair.
View the latest analyst ratings for IRDM.

What is the current price target for Iridium Communications?

4 Wall Street analysts have set twelve-month price targets for Iridium Communications in the last year. Their average twelve-month price target is $44.75, suggesting a possible upside of 49.9%. Deutsche Bank Aktiengesellschaft has the highest price target set, predicting IRDM will reach $57.00 in the next twelve months. BWS Financial has the lowest price target set, forecasting a price of $30.00 for Iridium Communications in the next year.
View the latest price targets for IRDM.

What is the current consensus analyst rating for Iridium Communications?

Iridium Communications currently has 2 hold ratings, 2 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for IRDM.

What other companies compete with Iridium Communications?

Other companies that are similar to Iridium Communications include Lumentum, United States Cellular, Aurora Innovation, Q2 and LG Display. Learn More about companies similar to Iridium Communications.

How do I contact Iridium Communications' investor relations team?

Iridium Communications' physical mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The technology company's listed phone number is (703) 287-7400 and its investor relations email address is [email protected]. The official website for Iridium Communications is www.iridium.com. Learn More about contacing Iridium Communications investor relations.