Iron Mountain (NYSE:IRM) Price Target Raised to $138.00

Iron Mountain (NYSE:IRM) had its target price upped by JPMorgan Chase & Co. from $121.00 to $138.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Loop Capital set a $130.00 target price on shares of Iron Mountain in a research note on Wednesday, March 4th. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.67.

Iron Mountain Price Performance

IRM opened at $127.09 on Friday. The firm has a fifty day moving average price of $108.73 and a 200 day moving average price of $98.19. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $127.94. The stock has a market cap of $37.81 billion, a P/E ratio of 139.66 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business posted $1.17 EPS. The business’s revenue was up 21.5% compared to the same quarter last year. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Equities analysts expect that Iron Mountain will post 5.26 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is presently 380.22%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total value of $3,951,664.54. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $3,951,664.54. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the sale, the executive vice president directly owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,648 shares of company stock worth $48,297,449 in the last quarter. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC grew its holdings in shares of Iron Mountain by 219.1% during the first quarter. Diversify Wealth Management LLC now owns 8,615 shares of the financial services provider’s stock worth $880,000 after buying an additional 5,915 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of Iron Mountain by 210.3% during the first quarter. Carnegie Investment Counsel now owns 14,755 shares of the financial services provider’s stock worth $1,507,000 after buying an additional 10,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Iron Mountain by 22.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 202,316 shares of the financial services provider’s stock worth $20,665,000 after buying an additional 37,605 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Iron Mountain by 0.7% during the first quarter. Fifth Third Bancorp now owns 22,940 shares of the financial services provider’s stock worth $2,343,000 after buying an additional 150 shares in the last quarter. Finally, Advisors Management Group Inc. ADV grew its holdings in shares of Iron Mountain by 41.8% during the first quarter. Advisors Management Group Inc. ADV now owns 4,305 shares of the financial services provider’s stock worth $439,000 after buying an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

More Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.