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Iridium Communications (IRDM) Stock Forecast & Price Target

Iridium Communications (IRDM) Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 33%
Buy 42%
Hold 25%
Sell 0%
Strong Sell 0%

Bulls say

Iridium Communications Inc. demonstrated significant growth in its Internet of Things (IoT) subscriber base, adding 71,000 subscribers in the last quarter, bringing the total to 1.9 million commercial IoT users, which indicates a robust demand for its connectivity solutions. The company's expectations for increased revenue in 2024, boosted by an approximate $5 million rise in overall revenue largely driven by a $9 million increase in engineering estimates, reflect a positive trajectory for financial performance. Additionally, anticipated growth in both hosted payload revenue and government contracts suggests a strong foundation for continued earnings expansion, contributing to an optimistic outlook for the company's financial health.

Bears say

Iridium Communications Inc. faces a negative outlook primarily due to decelerating free cash flow generation, which is anticipated to lead to a decline in stock performance. Competitive pricing pressures are likely to adversely affect earnings, compounded by disappointing third quarter results that revealed lower-than-expected net additions in Internet of Things (IOT) subscribers, primarily due to shifts in pricing plans by the company's largest IOT customer. Furthermore, the absence of earnings contribution from the new satellite constellation and an expected continued decline in net subscriber additions will likely prompt earnings estimate revisions that could negatively impact the company's financial metrics.

Iridium Communications (IRDM) has been analyzed by 12 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 42% recommend Buy, 25% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Iridium Communications and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Iridium Communications (IRDM) Forecast

Analysts have given Iridium Communications (IRDM) a Buy based on their latest research and market trends.

According to 12 analysts, Iridium Communications (IRDM) has a Buy consensus rating as of Jun 17, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $30.38, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $30.38, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Iridium Communications (IRDM)


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