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 fall by -8.97% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 24, which is better than 24% 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!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Iridium Communications Inc Stock Today?
Iridium Communications Inc (IRDM) stock is trading at $47.51 as of 1:26 PM on Friday, Sep 10, a gain of $0.60, or 1.28% from the previous closing price of $46.91. The stock has traded between $46.47 and $47.55 so far today. Volume today is less active than usual. So far 224,907 shares have traded compared to average volume of 679,145 shares.
Click Here to get the full Stock Report for Iridium Communications Inc stock.