As security risks of all kinds continue to rise, data management specialists Iron Mountain (New York Stock Exchange: IRM) should be an interesting opportunity. In fact, Wall Street analysts rate the company a “strong buy,” and for good reason. Iron Mountain covers the entire data storage and protection value chain (including physical replication) and is well-suited for the volatility of the new normal. I am bullish on IRM stocks.
Historically, Iron Mountain has been named after the important records of major institutions. As a byproduct of World War II and the Cold War that followed, the need to protect important documents became very urgent. However, in the age of digitalization, IRM stocks may seem outdated. Of course, looks can be deceiving.
Recently, the Human Interest Journal Southern living noted the increasing demand for “analog” maps despite the prevalence of devices with navigation capabilities. The sales trends here are about specific consumer quirks, but the gist is: You can always rely on paper maps, even if the satellite network fails. Many business owners who have to be on the road all the time keep a physical map for that very reason.
So the past business units that have underpinned IRM’s stock aren’t as irrelevant as it might at first seem.and Cybersecurity threats are constantly increasingFor top-tier blue chip companies, paper backups make sense. A digital version might be much more convenient, but paper can never be hacked.
Help the bulls with TipRanks, Smart Score Rating for IRM Stocks is a ‘Perfect 10’This indicates that the stock is likely to outperform the broader market.
![](https://tipranksblog.wpenginepowered.com/wp-content/uploads/2023/03/IRM-smart-score.jpg)
IRM stock represents the marriage of two worlds
Iron Mountain stands out in the physical storage business, but it doesn’t ignore changing tides. For example, the company also offers links to digital ecosystems, particularly cloud data management and workflow automation. What makes IRM Stock attractive, however, is that the underlying company doesn’t just pivot from one of his paradigms to another. Instead, it seamlessly blends the analog and digital worlds.
Under the Cloud Data Management unit, Iron Mountain can replicate and store the most important digital files of its enterprise-level clients. Naturally, placing backups in a separate, secure facility allows businesses that have suffered a data breach or other breach incident to recover relatively quickly and mitigate the consequences.
Indeed, some top companies Keeping villainous netizens at bayUnfortunately, new threats appear every day, if not every hour. The concept of perfect cybersecurity is therefore a myth. Given enough time and resources, a malicious individual could eventually compromise a digital network.
Even incompetent and terrible supervision can steal the personal information of hundreds of millions of people. IRM stocks are surprisingly relevant given that cybercriminals are very likely to penetrate even the most secure digital networks.
In addition, other non-criminal factors can adversely affect a company’s data security. The most noticeable impact is climate change The potential for severe weather could force businesses in vulnerable areas to consider either digital or analog data backup (or both). Ironically, the above collective framework should keep an inventory of IRMs.
Decent finances with room for improvement
In the current situation, IRM stocks have benefited from: decent finances It could improve significantly over time.Operationally, 3 years of Iron Mountain Earnings The growth rate is 5.6%, outperforming its competitors at 74.6%. Also, during the same period, his EBITDA growth was 8.7%, outpacing the industry at 68.1%.
In short, the company is profitable. Net profit margin averaged 10.9% over the past year. While generally decent numbers, Iron Mountain is structured as a real estate investment trust (REIT). Compared to other his REITs, its 10.9% profit margin is actually inferior to its peers’ 79.2%.
Still, Iron Mountain weathered the 2020 COVID-19 crisis with minimal damage to the topline. And in 2022, the company posted his $5.1 billion in sales, up 13.6% from the previous year’s results. With more reasons for companies to defend themselves, these financial statistics should continue to improve, which could benefit his IRM stock.
Is IRM Stock a Buy, According to Analysts?
Turning to Wall Street, IRM stock has a strong buy consensus rating based on 4 buy, 1 hold, and 0 sell ratings.of Average IRM Stock Target is $60.20, implying a 14.1% upside potential.
![](https://tipranksblog.wpenginepowered.com/wp-content/uploads/2023/03/IRM-wall-street-take-1024x343.jpg)
Lesson learned: IRM stocks are the unsung heroes
When it comes to related sectors such as cybersecurity, investors naturally look to front-line service providers. While important, it is also important to consider mitigation measures. With today’s ever-increasing security risk profile, nothing in the digital realm is completely secure. Even our changing planet is forcing us to rethink physical data storage spaces. So, with so many challenges, an IRM stock makes logical sense.