Iron Mountain Incorporated (NYSE:IRM) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Iron Mountain an average recommendation of Moderate Buy (4 buys, 1 hold, 1 sell) with a one‑year average price target of $131.67; JPMorgan recently upgraded to Overweight and raised its target to $138.
• Q1 beat & guidance raise: revenue rose ~21.5%, EPS and AFFO topped estimates (AFFO ~22% growth), and the company raised Q2 and FY2026 guidance, citing accelerating AI‑driven demand for data‑center and colocation services.
• Insider selling has been substantial—451,648 shares (~$48.3M) sold in the past 90 days—which could create near‑term selling pressure despite insiders owning only 1.7% of the company.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $131.6667.

Several brokerages recently weighed in on IRM. Loop Capital set a $130.00 price target on Iron Mountain in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday. Barclays boosted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company lifted their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st.

Insider Buying and Selling at Iron Mountain

In other news, Director Jennifer Allerton sold 7,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the sale, the director directly owned 11,541 shares of the company's stock, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the completion of the sale, the executive vice president owned 125,507 shares in the company, valued at $12,890,823.97. The trade was a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 451,648 shares of company stock valued at $48,297,449 over the last ninety days. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain in the 4th quarter worth about $25,000. Quent Capital LLC purchased a new stake in Iron Mountain during the 3rd quarter valued at about $27,000. Beaird Harris Wealth Management LLC increased its stake in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Iron Mountain during the 3rd quarter valued at about $32,000. Finally, Bayban purchased a new position in Iron Mountain in the fourth quarter worth about $33,000. 80.13% of the stock is currently owned by institutional investors.

Key Headlines Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

Iron Mountain Price Performance

Shares of IRM opened at $127.09 on Friday. The company has a 50-day simple moving average of $108.73 and a two-hundred day simple moving average of $98.23. The firm has a market capitalization of $37.81 billion, a PE ratio of 139.66 and a beta of 1.21. Iron Mountain has a one year low of $77.77 and a one year high of $127.94.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.93. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business's revenue for the quarter was up 21.5% on a year-over-year basis. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Analysts expect that Iron Mountain will post 5.26 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain's dividend payout ratio (DPR) is currently 380.22%.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.

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