The Iridium Communications Inc (IRDM) share price is expected to increase by 57.48% over the next year. This is based on calculating the average 12-month share price estimate provided by 2 stock analysts who have covered IRDM. Price targets range from $45.00 at the low end to $47.00 at the high end. The current analyst consensus for IRDM is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Iridium Communications Inc has a total of 2 Wall St Analyst ratings. There are 2 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Iridium Communications Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
walter piecyk LightShed Partners | Hold | None | downgraded | Feb 15, 2024 |
edison yu Deutsche Bank | Buy | $47.0 | maintained | Jan 29, 2024 |
mathieu robilliard Barclays | Buy | $45.0 | maintained | Nov 22, 2023 |
hamed khorsand BWS Financial | Buy | $75.0 | maintained | Nov 10, 2023 |
ric prentiss Raymond James | Buy | $58.0 | maintained | Oct 20, 2023 |
greg mesniaeff Westpark Capital | Buy | $65.0 | initiatedcoverage | Sep 21, 2023 |
landan park Morgan Stanley | Buy | $72.0 | maintained | Apr 20, 2023 |
louie dipalma William Blair | Buy | None | maintained | Jan 3, 2023 |
gregory burns Sidoti | Buy | $44.0 | upgraded | Jan 27, 2022 |
james mcilree Dawson James | Hold | None | rated | Dec 10, 2019 |
paul penney Northland Securities | Sell | $14.0 | reiterated | Mar 20, 2019 |
steven li Raymond James | Buy | $14.0 | rated | Jul 27, 2017 |
chris quilty Raymond James | Buy | $13.0 | rated | Nov 3, 2014 |
andrew degasperi Berenberg Bank | Buy | $10.0 | reiterated | Oct 31, 2014 |
jim breen William Blair | Buy | None | reiterated | Sep 29, 2014 |
michael rindos Aegis Capital | Buy | $8.0 | initiatedcoverage | Aug 29, 2013 |
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.
When did it IPO
0
Staff Count
760
Country
United States
Sector/Industry
Communication Services/Telecom Services
CEO
Mr. Matthew J. Desch
Market Cap
$3.69B
In 2023, IRDM generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that IRDM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
$99.79
PYCR-USD
$20.86
VRRM-USD
$22.4
BLKB-USD
$67.68
$30.2
HWC-USD
$43.89