Iridium Communications Stock Target Price and Analyst Consensus

IRDM Stock  USD 26.16  0.14  0.53%   
The current analyst and expert consensus on Iridium Communications is Strong Buy, with 3 strong buy opinions. The current projected Iridium Communications target price consensus is 64.67 with 7 analyst opinions. The most common way Iridium Communications analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Iridium Communications executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Iridium Communications. We strongly encourage you to use your own analysis of Iridium Communications to validate this buy or sell advice. Iridium Communications buy-or-sell recommendation module provides average expert sentiment on the projected Iridium Communications target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Iridium Communications to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.
Lowest Forecast
58.85
Highest Forecast
71.78
Target Price
64.67
At this time, Iridium Communications' Operating Profit Margin is very stable compared to the past year. As of the 29th of March 2024, Net Profit Margin is likely to grow to 0.03, while Gross Profit is likely to drop about 373.1 M. At this time, Iridium Communications' Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 29th of March 2024, Intangible Assets is likely to grow to about 45.8 M, while Short and Long Term Debt Total is likely to drop about 1.3 B.
  
It's important to approach Iridium Communications' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Iridium Communications Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Iridium target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Iridium Communications' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   7  Strong Buy
Most Iridium analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Iridium stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Iridium Communications, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Iridium Communications Target Price Projection

Iridium Communications' current and average target prices are 26.16 and 64.67, respectively. The current price of Iridium Communications is the price at which Iridium Communications is currently trading. On the other hand, Iridium Communications' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Iridium Communications Market Quote on 29th of March 2024

Low Price26.09Odds
High Price26.49Odds

26.16

Target Price

Analyst Consensus On Iridium Communications Target Price

Low Estimate58.85Odds
High Estimate71.78Odds

64.67

Historical Lowest Forecast  58.85 Target Price  64.67 Highest Forecast  71.78
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Iridium Communications and the information provided on this page.

Iridium Communications Analyst Ratings

Iridium Communications' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Iridium Communications stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Iridium Communications' financials, market performance, and future outlook by experienced professionals. Iridium Communications' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Iridium Communications price targets

Iridium Communications' stock target price is an estimate of its future price, usually made by analysts. Using Iridium Communications' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Iridium Communications' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Iridium Communications' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Iridium Communications Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Iridium Communications is a key component of Iridium Communications valuation and have some predictive power on the future returns of a Iridium Communications.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iridium Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
23.4225.8128.20
Details
Intrinsic
Valuation
LowRealHigh
23.5434.1536.54
Details
Naive
Forecast
LowNextHigh
22.2024.5926.98
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.120.150.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Iridium Communications. Your research has to be compared to or analyzed against Iridium Communications' peers to derive any actionable benefits. When done correctly, Iridium Communications' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Iridium Communications.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
FinTech Idea
FinTech
Invested over 40 shares
When determining whether Iridium Communications is a strong investment it is important to analyze Iridium Communications' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Iridium Communications' future performance. For an informed investment choice regarding Iridium Stock, refer to the following important reports:
Check out Macroaxis Advice on Iridium Communications to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.
Note that the Iridium Communications information on this page should be used as a complementary analysis to other Iridium Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Iridium Stock analysis

When running Iridium Communications' price analysis, check to measure Iridium Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Iridium Communications is operating at the current time. Most of Iridium Communications' value examination focuses on studying past and present price action to predict the probability of Iridium Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iridium Communications' price. Additionally, you may evaluate how the addition of Iridium Communications to your portfolios can decrease your overall portfolio volatility.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Fundamental Analysis
View fundamental data based on most recent published financial statements
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Money Managers
Screen money managers from public funds and ETFs managed around the world
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
The data published in Iridium Communications' official financial statements usually reflect Iridium Communications' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Iridium Communications. For example, before you start analyzing numbers published by Iridium accountants, it's critical to develop an understanding of what Iridium Communications' liquidity, profitability, and earnings quality are in the context of the Diversified Telecommunication Services space in which it operates.
Please note, the presentation of Iridium Communications' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Iridium Communications' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Iridium Communications' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Iridium Communications. Please utilize our Beneish M Score to check the likelihood of Iridium Communications' management manipulating its earnings.