Barclays Reiterates Buy Rating on Iron Mountain
Barclays maintains its positive outlook on Iron Mountain with a $143 price target, a 13.21% upside from the current price.
Key Points
- Barclays reiterated a buy rating on Iron Mountain (IRM) with a $143 price target on July 1, 2026.
- Barclays's $143 price target implies 13.21% upside from Iron Mountain Incorporated's ($IRM) current $126.31 share price.
- Iron Mountain shares traded at $126.31 on Wednesday, with a market cap of $37.58 billion and a P/E ratio of 137.29.
- Insiders, including CEO William Meaney, sold shares in June 2026, with several transactions planned under Rule 10b5-1.
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Barclays has reiterated its buy rating on Iron Mountain Incorporated (NYSE:IRM), setting a price target of $143. This update came on July 1, 2026, reflecting continued confidence in the company's performance.
Barclays vs. the S&P 500
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Iron Mountain Incorporated Stock Up 7.6%
Shares of NYSE:IRM traded near $126.31 on Wednesday. Iron Mountain has a market cap of $37.58 billion and a P/E ratio of 137.29. The stock's 52-week range has been between $77.77 and $134.68. It has a 50-day moving average of $125.58 and a 200-day moving average of $104.70. The company's beta is 1.218, indicating a slightly higher volatility compared to the market.
$IRM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Iron Mountain reported revenue of $7.25 billion, growing by 21.6% year-over-year. The company posted an EPS of $0.92, with a net margin of 3.76%. Its next earnings report is expected on August 5, 2026.
Insider Buying and Selling at Iron Mountain Incorporated
In June 2026, several insiders at Iron Mountain engaged in stock transactions. CEO William Meaney sold 38,474 shares at an average price of $127.55 under a Rule 10b5-1 plan on June 1. EVP Mark Kidd also sold 6,000 shares at $126.70 on the same day, also under a planned transaction.
Analysts Set New Price Targets
On July 1, 2026, Barclays maintained its buy rating on Iron Mountain with a $143 price target. This follows other recent ratings, such as JP Morgan's buy rating with a $138 target on May 1, 2026, and Wells Fargo's buy rating with a $135 target on April 21, 2026. Overall, the consensus among 11 analysts is a buy, with an average price target of $131.55.
About Iron Mountain
Iron Mountain Incorporated is a global leader in storage and information management services, operating in the Real Estate sector as a specialty REIT. The company offers a wide range of services, including information management, digital transformation, and data center management, to over 240,000 customers worldwide. Headquartered in Portsmouth, New Hampshire, Iron Mountain employs around 29,400 people and is led by CEO William L. Meaney.
Bottom Line
Barclays' reaffirmation of its buy rating with a $143 target underscores its positive outlook on Iron Mountain's growth prospects. The stock's recent trading activity and insider sales provide a snapshot of current market sentiment. Investors often track such analyst updates and insider actions to gauge potential future performance, though it's important to remember that analyst ratings are one of many factors to consider.
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