From Yahoo Finance: 2025-05-27 13:16:00

Barclays raised Iron Mountain Incorporated’s price target to $121 from $118 and maintained an Overweight rating. The update coincided with the company’s strong fiscal Q1 2025 earnings, showing record revenue and adjusted EBITDA performance.

Iron Mountain Inc. reported record Q1 2025 revenue of $1.6 billion, up 7.8% on a reported basis and 9.4% excluding FX effects. Growth was driven by the data center, digital, and ALM businesses, collectively rising over 20%.

The company achieved a record first-quarter adjusted EBITDA of $580 million and increased its 2025 guidance. Iron Mountain also declared a quarterly cash dividend of $0.785 per share for Q2 2025.

Iron Mountain provides storage and information management solutions across its business segments. While IRM offers investment potential, some AI stocks may have greater upside with limited risk. Check out our report on the cheapest AI stock with 100x upside potential.

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Read more: Barclays Maintains Overweight Rating on Iron Mountain (IRM), Lifts PT