Clear Street lowered the firm’s price target on Iridium (IRDM) to $21 from $26 and keeps a Hold rating on the shares. The firm reduced the company’s revenue growth estimates to reflect increased competition. The spectrum deals by Iridium’s rivals are a concern, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IRDM:
- Iridium Communications Reports Strong Q3 2025 Results
- Iridium Communications’ Earnings Call: Mixed Sentiments and Strategic Moves
- Iridium Communications: Strategic Assets and Growth Potential Drive Buy Rating
- Iridium reports Q3 EPS 35c, consensus 25c
- Iridium lowers FY25 total service revenue growth view to 3% from 3%-5%