Barclays Analyst Bullish on Iron Mountain Incorporated (IRM)

Iron Mountain Incorporated (NYSE:IRM) is one of the best dividend stocks in the real estate sector. On November 20, Brendan Lynch from Barclays kept a Buy rating on Iron Mountain, along with a target price of $123.

Independent of the analyst action, a Reuters report dated November 19 revealed that the short-selling hedge fund duo, Gotham City Research and General Industrial Partners, has taken a short position in Iron Mountain. The pair, Daniel Yu and Cyrus de Weck, said Iron Mountain is investing in data centers at a level that is beyond its available long-term capital. Yu and de Weck are famous for their research work on SES Imagotag, which is now Vusion Group and Grifols, the Barcelona-based healthcare company.

Iron Mountain Incorporated (NYSE:IRM) is a specialty REIT that helps its clients manage both physical and digital assets, offering services for information management, digital transformation, security, and data centers.

While we acknowledge the risk and potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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