Clearbridge Investments increased its stake in Iridium Communications, while Barclays raised its price target to $45.
Clearbridge Investments raised its stake in Iridium Communications (IRDM) by 2,766 shares in Q1, bringing total holdings to 2.27M shares worth $59.37M. Iridium reported $0.27 EPS for the previous quarter, surpassing analyst estimates. Barclays increased its price target to $45, offering a potential 68.67% upside. The company has a market cap of $3.24B, a P/E ratio of 127.62, and a beta of 0.65.
July 24, 2024
4 Articles