The Gold-Standard for Satellite StocksApr 29, 2022
The last time we wrote up Iridium, they smashed through our price target within 3 months.
Shortly after that, the market started getting really worried about inflation which caused basically all tech & space stocks to get demolished. This "correction" ended up hurting the Iridium stock but now, even with other stocks still down huge, it's back to the original price.
This correction now makes it a great time to get a forward look at this maturing satellite provider, especially as they start becoming the benchmark for all other satellite constellation companies over the next 10 years!
Iridium has completed its outer space satellites and now is building more and more services on top of it. Some of those are coming in high-growth areas that will keep the stock extremely valuable for years to come.
Iridium won’t be as sexy as Starlink or any new space launches -- but boy can they be a strong workhorse for generating shareholder value.
If you're looking for an under-the-radar stock, you've come to the right place.
Let’s get into the details, the upside, our price target, our target date, our rating and more 👇