Iron Mountain Incorporated (IRM) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 20 analysts18.9% Below Target
IRM trades 18.9% below Wall Street's consensus target of $137.67.
Current Price$115.75
Average Target$137.67
Target
Current
Low$130.00
Median$140.00
High$143.00
Analyst Target Range
Forward P/E48.8x
(Growth Premium)
PEG Ratio—
Implied Growth+160.3%
(High Growth)
Analyst Spread9.4%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes IRM achieves its forward estimates and maintains a stable P/E multiple of 48.8x. This scenario reflects the blended consensus of 20 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
IRM Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Iron Mountain Incorporated (IRM) has a Wall Street consensus price target of $137.67, based on estimates from 20 covering analysts. With the stock currently trading at $115.75, this represents a potential upside of +18.9%. The company has a market capitalization of $34.43B.
Analyst price targets range from a low of $130.00 to a high of $143.00, representing a 9% spread in expectations. The median target of $140.00 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 236.2x and forward P/E of 48.8x. 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 AnalysisAvg Peer Upside
+11.0%
Industry Consensus
Avg Forward P/E
39.7x
(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. | $31.2B | $147.73 | $153.00 | +3.6% | Hold | 32.0x | 28 |
 PSAPublic Storage | $57.7B | $328.69 | $315.40 | -4.0% | Hold | 32.5x | 36 |
 CUBECubeSmart | $9.3B | $40.88 | $41.33 | +1.1% | Hold | 27.9x | 29 |
 NSANational Storage Affiliates Trust | $3.5B | $45.94 | $38.60 | -16.0% | Hold | 77.5x | 19 |
 CLVTClarivate Plc | $1.6B | $2.51 | $3.60 | +43.4% | Hold | 3.4x | 20 |
 GXOGXO Logistics, Inc. | $6.0B | $51.84 | $71.25 | +37.4% | Buy | 17.0x | 18 |
 STAGSTAG Industrial, Inc. | $7.5B | $39.12 | $41.00 | +4.8% | Buy | 35.0x | 21 |
 REXRRexford Industrial Realty, Inc. | $7.9B | $34.34 | $37.00 | +7.7% | Buy | 27.5x | 21 |
 DLRDigital Realty Trust, Inc. | $61.5B | $174.90 | $211.00 | +20.6% | Buy | 84.8x | 48 |
 EQIXEquinix, Inc. | $100.9B | $1022.93 | $1138.27 | +11.3% | Buy | 59.4x | 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?
Iron Mountain Incorporated (IRM) has a consensus 12-month price target of $137.67, implying 18.9% upside from $115.75. The 20 analysts covering IRM see moderate appreciation potential.
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 $137.67 implies 18.9% upside from current levels.
Is IRM stock overvalued or undervalued?
At a forward P/E of 48.8047x, IRM trades at a premium valuation. The consensus price target of $137.67 (18.9% upside) suggests analysts still see growth justifying the multiple.
How high can IRM stock go?
The most bullish Wall Street analyst has a price target of $143 for IRM, while the most conservative target is $130. The consensus of $137.67 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 $137.67, with estimates ranging from $130 (bear case) to $143 (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 48.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 236.2x. 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?
Wall Street analysts are optimistic on IRM, with a "Buy" consensus rating and $137.67 price target (18.9% upside). 13 of 20 analysts rate it Buy or Strong Buy. 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 $130 to $143, a 9% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $137.67 consensus represents the middle ground.
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