JP Morgan Lowers Iron Mountain Price Target to $100

JP Morgan analyst Andrew Steinerman lowered Iron Mountain's (IRM) price target to $100 from $112, maintaining an "Overweight" rating. Historically, Iron Mountain has received analyst ratings with Barclays raising the price target to $121 in May. The average analyst target price for Iron Mountain is $116.75, indicating a 27.14% upside from the current price. The estimated GF Value for Iron Mountain in one year is $85.35, suggesting a 7.06% downside from the current price.

JP Morgan analyst Andrew Steinerman has maintained an "Overweight" rating for Iron Mountain (IRM), but has lowered the price target to $100 from $112, marking a 10.71% decrease [1]. This update reflects JP Morgan's adjusted expectations for the company's stock performance in the coming period.

Historically, Iron Mountain has received varying analyst ratings. In May, Barclays analyst Brendan Lynch raised the price target from $118 to $121, also maintaining an "Overweight" rating [1]. The average analyst target price for Iron Mountain is currently $116.75, suggesting a 27.14% upside from the current price of $91.83 [1]. The estimated GF Value for Iron Mountain in one year is $85.35, indicating a 7.06% downside from the current price [1].

Iron Mountain Inc, a record management services provider organized as a REIT, reported strong second-quarter earnings. The company achieved record quarterly revenue of $1.7 billion, surpassing the estimated $1.682 billion, marking an 11.6% increase year-over-year [2]. However, it faced a net loss of $43 million, primarily due to changes in exchange rates on intercompany balances. The company's Adjusted EBITDA reached a record $628 million, a 15% increase year-over-year, while Adjusted EPS was $0.48, exceeding the estimated $0.30 and showing a 14% increase from the previous year [2].

The company's strong revenue growth and improved operational metrics underscore its effective strategy execution and robust business model. However, the net loss due to currency fluctuations highlights the challenges of operating in a global market. The company's focus on expanding its data center, digital, and asset lifecycle management businesses positions it well for future growth [2].

Iron Mountain's shares have lost about 9.1% since the beginning of the year versus the S&P 500's gain of 7.1% [3]. Despite the recent underperformance, the company's earnings outlook suggests potential for near-term stock movement. The current consensus EPS estimate is $1.28 on $1.74 billion in revenues for the coming quarter and $5.01 on $6.79 billion in revenues for the current fiscal year [3].

References:
[1] https://www.gurufocus.com/news/3046969/jp-morgan-lowers-iron-mountain-irm-price-target-to-100-irm-stock-news
[2] https://www.gurufocus.com/news/3039450/iron-mountain-inc-irm-reports-q2-2025-earnings-adjusted-eps-of-048-beats-estimates-revenue-hits-17-billion
[3] https://finance.yahoo.com/news/iron-mountain-irm-q2-earnings-115502773.html