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Iridium Communications Inc. (IRDM) Downgraded at Raymond James on Competition Concerns
Yahoo Finance· 2025-10-03 08:47
Iridium Communications Inc. (NASDAQ:IRDM) is one of the best buy-the-dip stocks to buy, according to analysts. On September 11, Raymond James downgraded the stock to an ‘Outperform’ from ‘Strong Buy’ and cut the price target to $26 from $39. Iridium Communications Inc. (IRDM) Downgraded at Raymond James on Competition Concerns everything possible/Shutterstock.com The downgrade is in response to SpaceX Starlink’s announcement that it will purchase 50 MHz of AWS-4 (S-Band) and H-Block spectrum in the US f ...