Iridium Launches 9604 Three-in-One IoT Module

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: 6 days ago

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IRDM+2.25%

Should l Buy IRDM?

Source: PRnewswire

Module Integration Innovation: The Iridium 9604 module integrates Iridium Short Burst Data® satellite service, LTE-M cellular connectivity, and GNSS positioning into a single platform, simplifying IoT solutions, reducing costs, and accelerating time to market, making it suitable for high-volume, cost-sensitive deployments.
Positive Customer Feedback: Early developer feedback indicates that using the Iridium 9604 has significantly improved product economics by eliminating two components and simplifying power architecture, enabling smarter network selection and enhancing application flexibility and efficiency.
Global Connectivity Capability: By integrating the Iridium 9604 with Everlink's secure cloud platform, customers can achieve global connectivity, enhance operational efficiency, and create measurable impacts at scale, addressing the demand for real-time data.
Commercialization Progress: The commercial availability of the Iridium 9604 is expected to begin in June 2026, with a development kit available for developers to test satellite and cellular services, marking a new strategic phase for Iridium in the IoT space.

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Analyst Views on IRDM

Wall Street analysts forecast IRDM stock price to rise

7 Analyst Rating

4 Buy

2 Hold

1 Sell

Moderate Buy

Current: 23.950

Low

16.00

Averages

25.83

High

37.00

Current: 23.950

Low

16.00

Averages

25.83

High

37.00

Morgan Stanley

Justin Lang

Equal Weight

maintain

$24 -> $26

2026-02-18

Reason

Morgan Stanley

Justin Lang

Price Target

$24 -> $26

AI Analysis

2026-02-18

maintain

Equal Weight

Reason

Morgan Stanley analyst Justin Lang raised the firm's price target on Iridium to $26 from $24 and keeps an Equal Weight rating on the shares. The market is "largely looking through" softer 2026 guidance as a new tone around spectrum optionality has been "warmly received," says the analyst, who adds that a strategic pivot is "still early days."

Deutsche Bank

Buy

maintain

$25 -> $28

2026-02-13

Reason

Deutsche Bank

Price Target

$25 -> $28

2026-02-13

maintain

Buy

Reason

Deutsche Bank raised the firm's price target on Iridium to $28 from $25 and keeps a Buy rating on the shares.

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About IRDM

Iridium Communications Inc. operates the mobile voice and data satellite communications network that spans the entire globe. The Company enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, it delivers a portfolio of solutions for markets that require global communications. Its principal vertical lines of business include land mobile, maritime, aviation, IoT, hosted payloads and other data services, which includes navigation and timing (PNT), and the United States government. Its products include Iridium 9555, Iridium Extreme satellite phones, Iridium Extreme PTT, Iridium GO! Iridium GO!, and others. It provides voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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