IRM Price Prediction Next Week
Technical Analysis
The stock is currently in a downtrend with RSI at 29.68 indicating oversold conditions. The MACD shows bearish momentum with -3.45 and negative histogram. Price has broken below both 5-day (93.55) and 10-day (98.42) moving averages, suggesting strong selling pressure.
News Impact Recent negative sentiment stems from Elon Musk's comments about government inefficiency related to one of IRM's storage facilities, causing an 11% drop in the past week. Additionally, Q4 results released on February 13th missed revenue expectations, though adjusted FFO beat estimates.
Price Forecast for Next Week Based on technical indicators and Fibonacci levels:
- Support levels: $92.92 (S1), $89.22 (S2)
- Resistance levels: $104.91 (R1), $108.61 (R2)
- Pivot point: $98.92
Given the oversold conditions and strong support around $92, the stock is likely to experience a technical bounce. However, negative sentiment may cap upside in the short term.
Price Targets for Next Week:
- Bearish scenario (30% probability): Drop to $89-90 range
- Base scenario (50% probability): Consolidation between $91-94
- Bullish scenario (20% probability): Bounce to $96-97
Recommendation: HOLD Current price levels near $91.78 suggest limited downside risk given oversold conditions. However, wait for confirmation of trend reversal before establishing new positions. The stock needs to break above $94 with increased volume to signal a potential trend change.
IRM Similar Chart Price Prediction
The price of IRM is predicted to go up 2.74%, based on the high correlation periods with FCCO. The similarity of these two price pattern on the periods is 95.37%.
IRM
FCCO
Up: 2.74%Similarity: 95.37%
IRM Revenue Forecast
IRM EPS Forecast
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IRM Analyst's Forecast
Jonathan Atkin
RBC Capital
Buy
2024-11-27
Price Target
$135 → $139
Upside
+11.88%
RBC Capital raised the firm's price target on Iron Mountain to $139 from $135 and keeps an Outperform rating on the shares. The company's Q3 results met or bettered expectations on key financial metrics, the analyst tells investors in a research note. The firm says Iron Mountain posted solid operating metrics across multiple business segments, and augmented its datacenter power bank.
Brendan Lynch
Barclays
Buy
2024-11-18
Price Target
$133 → $131
Upside
+13.42%
Eric Luebchow
Wells Fargo
Buy
2024-10-17
Price Target
$120 → $135
Upside
+8.47%
