Iron Mountain stock gains as analysts lift targets and Q2 2026 growth stays strong

Published on 09/17/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iron Mountain stock closed at USD 112.04 on the NYSE on September 15, 2026, about 16.9 percent below its 52-week high after a 0.76 percent daily rise. Recent Q2 2026 figures showed revenue up 18.5 percent year on year and solid AFFO per share support.

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Iron Mountain stock (ISIN US46284V1017) closed at USD 112.04 on the NYSE on September 15, 2026, leaving the shares 16.9 percent below their 52-week high of USD 134.68 reached on June 24, 2026 and marking a modest 0.76 percent gain versus the prior close around USD 111.20 based on price data reported for that session.

Q2 2026 results underpin the rally

According to Ad-hoc-news, Iron Mountain reported revenue of USD 2.0 billion in the second quarter of 2026, an increase of 18.5 percent compared with the prior-year quarter, highlighting that top-line expansion has accelerated in the current year.

In the same Q2 2026 report, adjusted funds from operations (AFFO) per share came in at USD 1.44, exceeding Wall Street forecasts and confirming that the earnings engine is keeping pace with revenue growth, as outlined by Ad-hoc-news.

Analysts raise price targets on AI and data center growth

On the analyst side, Ad-hoc-news reports that Barclays raised its price target for Iron Mountain to USD 144 from USD 143 while maintaining an Overweight rating in an update dated September 14, 2026, signaling continued confidence in the growth trajectory of the storage and data center group.Ad-hoc-news

The same September 14, 2026 overview from Ad-hoc-news noted that Truist lifted its target to USD 155 from USD 140 and Wells Fargo increased its target to USD 140 from USD 135, leaving the consensus target at USD 137.83 versus a latest quote of USD 112.80 on September 14, 2026, a gap of USD 25.03 that underscores the upside analysts still see.

More broadly, TipRanks highlights Iron Mountain as one of two data center stocks where analysts expect at least 25 percent upside, noting that IRM carries an average price target of USD 146.57 and is rated Strong Buy.TipRanks

In the same analysis, TipRanks points out that Iron Mountain expects its data center business to generate over USD 1.0 billion in revenue in the current year and is racing to connect 325 megawatts of capacity to the power grid over the next 18 to 24 months, cementing AI and cloud infrastructure as key growth drivers for the company.TipRanks

Dividend and partnerships add support

Income-oriented investors also benefit from a rising payout: Ad-hoc-news notes that Iron Mountain declared a cash dividend of USD 0.864 per share with an ex-dividend date of September 15, 2026, meaning shareholders of record as of that date will receive the distribution in early October 2026, reinforcing the stock’s yield appeal.Ad-hoc-news

Meanwhile, Iron Mountain continues to expand its digital services footprint beyond traditional records storage: according to Zacks on September 16, 2026, the company has partnered with the Opéra national de Paris to digitize cultural heritage archives, using its information management and digital transformation capabilities to catalog and preserve visual materials.

Another recent overview from Simply Wall St highlights that Iron Mountain announced partnerships with Saudi Arabia’s Social Development Bank and the Opéra national de Paris to deploy its InSight DXP platform, digitizing SME lending workflows and cultural archives, which broadens the use cases for its AI-powered document processing solutions.

Stock reaction and market positioning

Ad-hoc-news reports that Iron Mountain stock closed at USD 112.04 on the NYSE on September 15, 2026, following a prior close around USD 111.20 and recording a daily gain of approximately 0.76 percent, leaving the shares 16.9 percent below their 52-week high of USD 134.68 and illustrating that the price remains supported but not stretched relative to the recent range.Ad-hoc-news

For context, Simply Wall St cites analyst narrative pointing to revenues of USD 9.9 billion and earnings of USD 764.5 million by 2029, anchored on about 9.2 percent yearly revenue growth and an earnings increase of roughly USD 345.8 million from USD 418.7 million today, suggesting that the current valuation and raised price targets are tied to multi-year expectations rather than just the latest quarter.Simply Wall St

Iron Mountain stock price and key data

As of the NYSE session on September 15, 2026, Iron Mountain stock traded at a closing price of USD 112.04, with the 52-week range running from a low that kept the shares well below the USD 134.68 high reached on June 24, 2026; at roughly 16.9 percent under that high, the current level reflects strong gains year to date but still leaves room relative to both the recent peak and the consensus target.