Iridium Communications (NASDAQ:IRDM) receives a $40 price target from Cantor Fitzgerald ahead of its Q2 earnings, citing reliable profitability, strong demand from government and enterprise IoT clients, and aggressive share buyback program. The company operates a global L-band satellite constellation, offering voice, data, IoT, maritime, aviation, and government connectivity. With ~80 satellites, robust gross margins, and expanding product suites, Iridium stands out in mission-critical communications and Earth-to-device innovation. Despite its potential as an investment, some believe certain AI stocks offer greater upside potential and less downside risk. No disclosures.

Read more at Yahoo Finance: Iridium Gets $40 Target Ahead of Q2 as Cantor Backs Its IoT and D2D Expansion