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Iridium Communications Inc has a consensus price target of $50.4 based on the ratings of 6 analysts. The high is $72 issued by Morgan Stanley on April 21, 2023. The low is $30 issued by BWS Financial on October 21, 2024. The 3 most-recent analyst ratings were released by BWS Financial, BWS Financial, and Barclays on October 21, 2024, July 24, 2024, and July 24, 2024, respectively. With an average price target of $35 between BWS Financial, BWS Financial, and Barclays, there's an implied 28.35% upside for Iridium Communications Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Iridium Comms (NASDAQ:IRDM) was reported by BWS Financial on October 21, 2024. The analyst firm set a price target for $30.00 expecting IRDM to rise to within 12 months (a possible 10.01% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Iridium Comms (NASDAQ:IRDM) was provided by BWS Financial, and Iridium Comms maintained their neutral rating.
The last upgrade for Iridium Communications Inc happened on September 18, 2023 when Deutsche Bank raised their price target to $57. Deutsche Bank previously had a hold for Iridium Communications Inc.
The last downgrade for Iridium Communications Inc happened on February 16, 2024 when BWS Financial changed their price target from N/A to $30 for Iridium Communications Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Iridium Comms, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Iridium Comms was filed on October 21, 2024 so you should expect the next rating to be made available sometime around October 21, 2025.
While ratings are subjective and will change, the latest Iridium Comms (IRDM) rating was a maintained with a price target of $30.00 to $30.00. The current price Iridium Comms (IRDM) is trading at is $27.27, which is out of the analyst’s predicted range.
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