Shares of Iron Mountain (IRM.N) declined sharply today, hitting a 20-day low as the stock continues to struggle amidst broader market pressures. Year-to-date, the stock has fallen 12.8% and 17.9% over the past year, despite a remarkable 343.3% increase over the last five years, raising questions about its current valuation.
The recent technical breakdown signals increased bearish momentum, as investors weigh the company's growth in data center operations against its perceived overvaluation. According to a Discounted Cash Flow (DCF) analysis, IRM is currently undervalued by 58.8%, with an intrinsic value of $221.71 per share, suggesting significant upside potential if market conditions improve.
Additionally, Iron Mountain's price-to-sales ratio of 4.07x remains below the industry average of 7.13x, further indicating that the stock is trading at a discount relative to its peers. As investors navigate these dynamics, the introduction of 'Narratives' may offer a personalized approach to aligning expectations with financial forecasts, adapting strategies to the evolving market landscape.
Wall Street analysts forecast IRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IRM is 124.50 USD with a low forecast of 111.00 USD and a high forecast of 139.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast IRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IRM is 124.50 USD with a low forecast of 111.00 USD and a high forecast of 139.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
0 Hold
1 Sell
Moderate Buy
Current: 92.240
Low
111.00
Averages
124.50
High
139.00
Current: 92.240
Low
111.00
Averages
124.50
High
139.00
Wells Fargo
Overweight
maintain
$125
2025-11-19
Reason
Wells Fargo
Price Target
$125
AI Analysis
2025-11-19
maintain
Overweight
Reason
Wells Fargo keeps an Overweight rating and $125 price target on Iron Mountain. The firm is defending the stock following the Gotham City's public short report, noting that the material "lacks any real new insights we haven't already heard in the past", the analyst tells investors in a research note. Investors are well aware the volumes in the company's more mature North America physical storage business are slightly negative, and the report will be just a "momentary distraction" that will be forgotten about as Iron Mountain continues to compound over 10% growth, the firm added.
Barclays
NULL -> Overweight
maintain
$122 -> $123
2025-11-12
Reason
Barclays
Price Target
$122 -> $123
2025-11-12
maintain
NULL -> Overweight
Reason
Barclays raised the firm's price target on Iron Mountain to $123 from $122 and keeps an Overweight rating on the shares. The firm updated the company's model after meeting with management.
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JPMorgan
Andrew Steinerman
maintain
$100 -> $111
2025-11-06
Reason
JPMorgan
Andrew Steinerman
Price Target
$100 -> $111
2025-11-06
maintain
Reason
JPMorgan analyst Andrew Steinerman raised the firm's price target on Iron Mountain to $111 from $100 and keeps an Overweight rating on the shares. The firm sees few surprises in the company's Q3 report.
Jefferies
Jonathan Petersen
Buy
initiated
$120
2025-09-22
Reason
Jefferies
Jonathan Petersen
Price Target
$120
2025-09-22
initiated
Buy
Reason
Jefferies analyst Jonathan Petersen initiated coverage of Iron Mountain with a Buy rating and $120 price target. The company's strategic transformation has accelerated growth across data centers, digital solutions, and asset lifecycle management, the analyst tells investors in a research note. The firm sees Iron Mountain's 240,000 customers providing an \"engine for cross-selling\" into these growth segments, growing nearly 25% annually.
About IRM
Iron Mountain Incorporated is a provider of information management services. The Company offers a range of services across digital transformation, information security, data center and asset lifecycle management (ALM) needs. The Company helps businesses to unlock value and intelligence from their stored digital and physical assets. It serves to protect its customers’ work. The Company operates through two segments: Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment offers various offerings, including records management, data management, global digital solutions, secure shredding, entertainment services, and consumer storage. Its Global Data Center Business segment provides data center facilities and capacity to protect mission-critical assets and ensure the continued operation of its customers’ information technology (IT) infrastructure with flexible data center options.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
