Iron Mountain Incorporated (IRM) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Buy

Based on 20 analysts

3.5% Below Target

IRM trades 3.5% below Wall Street's consensus target of $132.33.

Current Price$127.83

Average Target$132.33

Target

Current

Low$127.00

Median$130.00

High$140.00

Analyst Target Range

Forward P/E53.9x

(High Premium)

PEG Ratio—

Implied Growth+160.3%

(High Growth)

Analyst Spread9.8%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$127.83

Consensus$132.33

High$140.00

Low$127.00

Consensus Scenario Assumptions

The base valuation assumes IRM achieves its forward estimates and maintains a stable P/E multiple of 53.9x. This scenario reflects the blended consensus of 20 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 20 published analyst recommendations for IRM

10% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 20 ratings

ConsensusBuy

Coverage20 Analysts

Net Score+20

Bull / Bear65% / 25%

Strong Buy00%

Buy1365%

Hold210%

Sell525%

Strong Sell00%

Strong Buy

00%

Buy

1365%

Hold

210%

Sell

525%

Strong Sell

00%

Recommendation Mix65% Buy · 10% Hold · 25% Sell

Buy (13)Hold (2)Sell (5)

IRM Price Target Analysis

Updated June 22, 2026

As of June 22, 2026, Iron Mountain Incorporated (IRM) has a Wall Street consensus price target of $132.33, based on estimates from 20 covering analysts. With the stock currently trading at $127.83, this represents a potential upside of +3.5%. The company has a market capitalization of $38.03B.

Analyst price targets range from a low of $127.00 to a high of $140.00, representing a 10% spread in expectations. The median target of $130.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Buy, with 13 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 5 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.

From a valuation perspective, IRM trades at a trailing P/E of 260.9x and forward P/E of 53.9x. Analysts expect EPS to grow +160.3% over the next year.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+14.5%

Industry Consensus

Avg Forward P/E

39.8x

(Growth Premium)

Peers with Coverage

10 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
EXRExtra Space Storage Inc.	$30.7B	$145.33	$153.00	+5.3%	Hold	31.3x	28
PSAPublic Storage	$55.8B	$318.12	$313.30	-1.5%	Hold	31.6x	36
CUBECubeSmart	$9.3B	$40.62	$41.33	+1.7%	Hold	28.0x	29
NSANational Storage Affiliates Trust	$3.4B	$44.45	$36.20	-18.6%	Hold	73.3x	19
CLVTClarivate Plc	$1.3B	$2.04	$3.60	+76.5%	Hold	2.7x	20
GXOGXO Logistics, Inc.	$5.6B	$48.64	$71.25	+46.5%	Buy	15.9x	18
STAGSTAG Industrial, Inc.	$7.2B	$37.80	$41.00	+8.5%	Buy	33.8x	21
REXRRexford Industrial Realty, Inc.	$7.9B	$33.12	$37.00	+11.7%	Hold	26.5x	21
DLRDigital Realty Trust, Inc.	$64.7B	$188.15	$208.92	+11.0%	Buy	91.3x	48
EQIXEquinix, Inc.	$107.7B	$1092.19	$1136.87	+4.1%	Buy	63.6x	52

IRM — Frequently Asked Questions

Quick answers to the most common questions about buying IRM stock.

What is the IRM stock price target for 2026?

The consensus price target for IRM is $132.33, close to the current price of $127.83 (3.5% implied move). Based on 20 analyst estimates, the stock appears fairly valued near current levels.

Is IRM a buy, sell, or hold?

IRM has a consensus rating of "Buy" based on 20 Wall Street analysts. The rating breakdown is predominantly bullish, with 13 Buy/Strong Buy ratings. The consensus 12-month price target of $132.33 implies 3.5% upside from current levels.

Is IRM stock overvalued or undervalued?

At a forward P/E of 53.898x, IRM trades at a premium valuation. The consensus price target of $132.33 (3.5% upside) suggests analysts may view current valuations as stretched.

How high can IRM stock go?

The most bullish Wall Street analyst has a price target of $140 for IRM, while the most conservative target is $127. The consensus of $132.33 represents the median expectation. These targets typically reflect 12-month expectations.

How many analysts cover IRM stock?

IRM is well covered by analysts, with 20 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 13 have Buy ratings, 2 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the IRM stock forecast?

The 12-month IRM stock forecast based on 20 Wall Street analysts shows a consensus price target of $132.33, with estimates ranging from $127 (bear case) to $140 (bull case). The median consensus rating is "Buy".

What is IRM's forward P/E ratio?

IRM trades at a forward P/E ratio of 53.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 260.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy IRM stock?

IRM appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $132.33 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do IRM price targets vary so much?

IRM analyst price targets range from $127 to $140, a 10% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $132.33 consensus represents the middle ground.

Consensus-Based Analysis Tools