Rothschild & Co Redburn Launches Coverage of Iron Mountain with Buy Rating and $132 Target

Rothschild & Co Redburn has initiated coverage of Iron Mountain Incorporated (NYSE: IRM) with a Buy rating and set a price target of $132. The initiation, published within the past week, underscores the firm’s confidence in IRM’s evolving position in AI infrastructure and data‑center services.

According to Investing.com, Rothschild & Co Redburn emphasized the company’s AI infrastructure narrative as a core driver behind the outlook, reflecting a broader investor focus on growth beyond traditional storage offerings.

This development marks a fresh analyst perspective and arrives as Iron Mountain continues its strategic expansion into higher‑growth verticals, including digital solutions, asset lifecycle management, and hyperscale decommissioning services.

Shareholders also saw a recent institutional highlight with an AI‑powered document processing partnership in Saudi Arabia. On September 2, 2026, Iron Mountain signed an agreement with Saudi Arabia’s Social Development Bank to deploy its InSight® DXP platform, aimed at automating SME lending document workflows with AI, targeted to go live in Q3 2026. This deal reflects IRM’s ongoing digital transformation efforts in new geographies. While not directly tied to Rothschild’s rating, it underlines the strategic backdrop bolstering investor interest.

Separately, IRM’s share price, at $114.09 as of September 24, 2026, remains below the new price target but reflects a strong base. The Rothschild initiation may help narrow that gap as investors reassess IRM’s mix of legacy storage strength and emerging digital growth.

With this initiation, Iron Mountain gains fresh analytical coverage spotlighting its AI and data‑center trajectory. Investors will now weigh Rothschild & Co Redburn’s bullish stance against broader market dynamics and continued execution on strategic expansion initiatives.