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Iron Mountain (IRM) Stock Forecast & Price Target

Iron Mountain logo
$125.61 +2.09 (+1.69%)
Closing price 05/20/2026 03:59 PM Eastern
Extended Trading
$126.00 +0.39 (+0.31%)
As of 04:40 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Iron Mountain - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings
Sell
0
Hold
2
Buy
4

Based on 6 Wall Street analysts who have issued ratings for Iron Mountain in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for IRM.

Consensus Price Target

$131.67
4.82% Upside
According to the 6 analysts' twelve-month price targets for Iron Mountain, the average price target is $131.67. The highest price target for IRM is $140.00, while the lowest price target for IRM is $120.00. The average price target represents a forecasted upside of 4.82% from the current price of $125.61.
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.
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IRM Analyst Ratings Over Time

TypeCurrent Forecast
5/21/25 to 5/21/26		1 Month Ago
4/21/25 to 4/21/26		3 Months Ago
2/20/25 to 2/20/26		1 Year Ago
5/21/24 to 5/21/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
7 Buy rating(s)
Hold
2 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$131.67$122.00$113.00$121.29
Forecasted Upside4.82% Upside3.42% Upside2.51% Upside26.16% Upside
Consensus RatingModerate BuyHoldModerate BuyBuy

IRM Analyst Recommendations 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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IRM 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Iron Mountain Stock vs. The Competition

TypeIron MountainBusiness Services CompaniesBroader Market
Consensus Rating Score
2.67
1.97
2.52
Consensus RatingModerate BuyReduceModerate Buy
Predicted Upside4.82% Upside350.44% Upside16.44% Upside
News Sentiment Rating
Positive News

See Recent IRM News
Neutral News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
5/12/2026
Zacks Research logo
Zacks Research
Not Rated
 UpgradeStrong Sell ➝ Hold
5/1/2026
Truist Financial Corporation logo
Truist Financial
3 of 5 stars
Tobey Sommer
Tobey Sommer
3 of 5 stars
Set Target$140.00+10.74%
5/1/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
3 of 5 stars
Andrew Steinerman
Andrew Steinerman
Not Rated
Boost TargetOverweight$121.00 ➝ $138.00+8.73%
4/21/2026
Weiss Ratings logo
Weiss Ratings
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 Reiterated RatingHold (C)
4/21/2026
Wells Fargo & Company logo
Wells Fargo & Company
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Eric Luebchow
Eric Luebchow
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Boost TargetOverweight$125.00 ➝ $135.00+12.02%
3/4/2026
Loop Capital logo
Loop Capital
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Zhiger Kurmet
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Set Target$130.00+20.84%
2/23/2026
Barclays PLC logo
Barclays
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Brendan Lynch
Brendan Lynch
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Boost TargetOverweight$126.00 ➝ $127.00+15.21%
9/22/2025
Jefferies Financial Group Inc. logo
Jefferies Financial Group
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Jonathan Petersen
Jonathan Petersen
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Initiated CoverageBuy$120.00+20.12%
11/27/2024
Royal Bank Of Canada logo
Royal Bank Of Canada
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 Boost TargetOutperform$135.00 ➝ $139.00+11.95%
11/6/2024
BNP Paribas Exane logo
BNP Paribas Exane
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Nate Crossett
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UpgradeStrong-Buy
9/23/2024
Stifel Nicolaus logo
Stifel Nicolaus
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 Boost TargetBuy$117.00 ➝ $140.00+21.36%
8/2/2024
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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 Boost TargetBuy$106.00 ➝ $120.00+11.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:32 AM ET.


Should I Buy Iron Mountain Stock? IRM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, May 17, 2026. Please send any questions or comments about these Iron Mountain pros and cons to contact@marketbeat.com.

Iron Mountain
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Iron Mountain Incorporated:

  • The current stock price is around $134, which reflects a strong performance compared to its 1-year low of $77.77, indicating potential for growth.
  • Iron Mountain Incorporated reported a significant increase in quarterly revenue, with a year-over-year growth of over 21%, showcasing its strong market position and demand for its services.
  • The company has raised its full-year revenue guidance, now expecting between $7.825 billion and $7.925 billion, which suggests confidence in continued growth and operational success.
  • Iron Mountain Incorporated has a solid dividend yield of approximately 2.7%, providing investors with a steady income stream, although the payout ratio is notably high.
  • Recent contracts for its AI-powered DXP platform and data center leasing agreements indicate a strategic focus on innovative solutions and expansion in high-demand sectors.

Iron Mountain
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Iron Mountain Incorporated for these reasons:

  • The company has a high P/E ratio of 141.42, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a correction.
  • Iron Mountain Incorporated has a negative return on equity of 91.56%, suggesting inefficiencies in generating profit from shareholders' equity, which could be a red flag for investors.
  • The dividend payout ratio is extremely high at 380.22%, raising concerns about the sustainability of its dividend payments in the long term.
  • Analyst ratings are mixed, with some downgrades indicating uncertainty about future performance, which could lead to volatility in the stock price.
  • Recent market conditions and economic factors may pose risks to the company's growth trajectory, particularly in its data center and digital solutions segments.

IRM Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Iron Mountain is $131.67, with a high forecast of $140.00 and a low forecast of $120.00.

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iron Mountain in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IRM shares.

According to analysts, Iron Mountain's stock has a predicted upside of 4.82% based on their 12-month stock forecasts.

Over the previous 90 days, Iron Mountain's stock had 1 upgrade and 1 downgrade by analysts.

Iron Mountain has been rated by research analysts at Barclays, JPMorgan Chase & Co., Loop Capital, Truist Financial, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Iron Mountain more than other "business services" companies. The consensus rating for Iron Mountain is Moderate Buy while the average consensus rating for "business services" companies is Reduce. Learn more on how IRM compares to other companies.

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This page (NYSE:IRM) was last updated on 5/21/2026 by MarketBeat.com Staff.
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