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Barclays Sticks to Its Buy Rating for Iron Mountain (IRM)

Tipranks - Tipranks - Tue Feb 24, 4:20AM CST

In a report released today, Brendan Lynch from Barclays maintained a Buy rating on Iron Mountain, with a price target of $127.00.

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Lynch covers the Real Estate sector, focusing on stocks such as Iron Mountain, Cousins Properties, and Kilroy Realty. According to TipRanks, Lynch has an average return of -2.7% and a 41.55% success rate on recommended stocks.

In addition to Barclays, Iron Mountain also received a Buy from TipRanks – Google’s Google REIT – Specialty in a report issued on February 14. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Iron Mountain (NYSE: IRM).

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Based on Iron Mountain’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.84 billion and a net profit of $89.27 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $103.93 million

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