Do Analysts Agree Thursday on Iridium Communications Inc (IRDM) Stock's Target Price?

Thursday, October 21, 2021 10:24 AM | InvestorsObserver Analysts

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Wall Street is positive on Iridium Communications Inc (IRDM). On average, analysts give the stock a Buy rating. The average price target is $43.25, which means analysts expect the stock to climb by 1.12% over the next twelve months. That average ranking earns the stock an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating IRDM a Buy today. Find out what this means to you and get the rest of the rankings on IRDM!
See Full IRDM Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Iridium Communications Inc Stock Today?

Iridium Communications Inc (IRDM) stock has gained 2.53% while the S&P 500 is down -0.01% as of 10:23 AM on Thursday, Oct 21. IRDM has risen $1.06 from the previous closing price of $41.71 on volume of 87,189 shares. Over the past year the S&P 500 is up 32.02% while IRDM has risen 52.26%. IRDM lost -$0.08 per share the over the last 12 months. Click Here to get the full Stock Report for Iridium Communications Inc stock.

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