Iron Mountain Stock Outlook: Is Wall Street Bullish or Bearish?

Company Overview - Iron Mountain Incorporated (IRM) is a global leader in storage and information management solutions with a market capitalization of $28.7 billion, offering a wide range of services including information management, digital transformation, information security, data center, and asset lifecycle management [1] Stock Performance - Over the past year, IRM shares have declined by 8.5%, while showing a year-to-date growth of 17%. In comparison, the S&P 500 Index has returned 15.6% over the past year and 1.7% in 2026 [2] - IRM has underperformed the State Street Real Estate Select Sector SPDR ETF (XLRE) over the past 52 weeks but has outperformed it with a 4.7% increase this year [3] Analyst Insights - A bearish report from Gotham City Research indicated that IRM shares are overvalued, suggesting a valuation range of $22 to $40, leading to a 2.9% decline in shares on November 19 [6] - For the current year ending December 2025, analysts project IRM's EPS to rise by 162.2% year-over-year to $4.64 on a diluted basis, with a strong earnings surprise history [7] - Among 12 analysts covering IRM, the consensus rating is a "Strong Buy," with nine "Strong Buy" ratings, one "Moderate Buy," one "Hold," and one "Strong Sell" [7] Price Targets - Barclays analyst Brendan Lynch maintained a "Buy" rating on IRM shares with a price target of $123, while the mean price target of $116 indicates a 19.5% premium to current market prices [8] - The highest price target of $140 suggests a potential upside of 44.2% from current levels [8]