S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave

Iridium Communications (IRDM) Stock Forecast & Price Target

$27.40
+1.34 (+5.14%)
(As of 04/19/2024 ET)

Iridium Communications Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

$49.80
81.75% Upside
High Forecast$72.00
Average Forecast$49.80
Low Forecast$30.00
TypeCurrent Forecast
4/21/23 to 4/20/24
1 Month Ago
3/22/23 to 3/21/24
3 Months Ago
1/21/23 to 1/21/24
1 Year Ago
4/21/22 to 4/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$49.80$49.80$61.75$67.00
Predicted Upside81.75% Upside23.13% Upside23.90% Upside11.83% Upside
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IRDM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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IRDM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Iridium Communications Stock vs. The Competition

TypeIridium CommunicationsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.83
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside81.75% Upside114.46% Upside11.92% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/23/2024Barclays
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 Lower TargetOverweight ➝ Overweight$45.00 ➝ $42.00+47.58%
2/16/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$53.00 ➝ $48.00+56.30%
2/16/2024BWS Financial
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H. Khorsand
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DowngradeBuy ➝ Neutral$30.00-1.54%
2/15/2024William Blair
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L. Dipalma
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DowngradeOutperform ➝ Market Perform
9/18/2023Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$57.00+19.87%
4/21/2023Morgan Stanley
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 Boost TargetOverweight$66.00 ➝ $72.00+10.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:39 PM ET.

IRDM Price Target - Frequently Asked Questions

What is Iridium Communications's consensus rating and price target?

According to the issued ratings of 6 analysts in the last year, the consensus rating for Iridium Communications stock is Moderate Buy based on the current 2 hold ratings, 3 buy ratings and 1 strong buy rating for IRDM. The average twelve-month price prediction for Iridium Communications is $49.80 with a high price target of $72.00 and a low price target of $30.00. Learn more on IRDM's analyst rating history.

Do Wall Street analysts like Iridium Communications more than its competitors?

Analysts like Iridium Communications more than other Computer and Technology companies. The consensus rating score for Iridium Communications is 2.83 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how IRDM compares to other companies.

Is Iridium Communications being downgraded by Wall Street analysts?

Over the previous 90 days, Iridium Communications's stock had 2 downgrades by analysts.

Does Iridium Communications's stock price have much upside?

According to analysts, Iridium Communications's stock has a predicted upside of 23.13% based on their 12-month stock forecasts.

What analysts cover Iridium Communications?

Iridium Communications has been rated by Barclays, BWS Financial, Raymond James, and William Blair in the past 90 days.


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This page (NASDAQ:IRDM) was last updated on 4/20/2024 by MarketBeat.com Staff

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