Iron Mountain (NYSE:IRM) Given New $138.00 Price Target at JPMorgan Chase & Co.

Iron Mountain (NYSE:IRM) had its target price increased by JPMorgan Chase & Co. from $121.00 to $138.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also weighed in on IRM. Wells Fargo & Company increased their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Barclays raised their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Iron Mountain Stock Up 0.9%

Shares of IRM traded up $1.10 during trading hours on Friday, hitting $127.09. The company had a trading volume of 2,399,871 shares, compared to its average volume of 1,527,903. Iron Mountain has a 52-week low of $77.77 and a 52-week high of $127.94. The stock’s 50 day moving average price is $108.73 and its 200 day moving average price is $98.25. The firm has a market cap of $37.81 billion, a P/E ratio of 264.78 and a beta of 1.21.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.93. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $1.17 EPS. Iron Mountain’s quarterly revenue was up 21.5% compared to the same quarter last year. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. On average, research analysts expect that Iron Mountain will post 5.26 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is currently 720.83%.

Insiders Place Their Bets

In related news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the sale, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00. Following the transaction, the executive vice president directly owned 125,507 shares in the company, valued at approximately $12,890,823.97. The trade was a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 451,648 shares of company stock worth $48,297,449. Insiders own 1.70% of the company’s stock.

Institutional Trading of Iron Mountain

Several institutional investors and hedge funds have recently bought and sold shares of IRM. Intact Investment Management Inc. purchased a new position in Iron Mountain during the third quarter valued at $3,588,000. NewSquare Capital LLC boosted its holdings in shares of Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 11,585 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Iron Mountain by 17.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock worth $10,598,000 after buying an additional 15,225 shares during the period. AGF Management Ltd. increased its stake in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 14,205 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 11,893 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.