Raymond James lowered the firm’s price target on Iridium (IRDM) to $47 from $49 and keeps a Strong Buy rating on the shares. Iridium’s Q1 OEBITDA beat slightly and the company reiterated 2025 guidance, despite some potential impact on equipment costs from tariffs, the analyst tells investors in a research note. The firm thinks the long-term capital return story is extremely compelling.
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Read More on IRDM:
- Iridium Communications Reports Strong Q1 2025 Results
- Cathie Wood’s ARK Investment buys 215K shares of Iridium today
- Iridium upgraded to Outperform from Market Perform at William Blair
- Iridium reports Q1 EPS 27c vs. 16c last year
- Iridium sees 2025 total service revenue growth 5%-7% from $614.9M in 2024