In the latest analyst update, iRhythm Technologies (IRTC, Financial) received a significant vote of confidence as Needham analyst David Saxon maintained a "Buy" rating while raising the company's price target. The new price target is set at $151.00, up from the previous $138.00. This adjustment reflects a 9.42% increase from the prior target, showcasing enhanced optimism towards the company's future performance.
iRhythm Technologies (IRTC, Financial), listed on NASDAQ, continues to attract attention from analysts due to its innovative approaches and market presence. The updated price target by Needham suggests a positive outlook for the stock, aligning with the existing "Buy" rating that has been consistent since the prior evaluation.
As of May 2, 2025, investors will be closely monitoring iRhythm Technologies (IRTC, Financial) to gauge how the stock performs following this revised price target. The upward adjustment by Needham indicates a strong belief in the company's potential to grow and deliver value to its shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for iRhythm Technologies Inc (IRTC, Financial) is $129.64 with a high estimate of $152.00 and a low estimate of $104.00. The average target implies an upside of 19.38% from the current price of $108.59. More detailed estimate data can be found on the iRhythm Technologies Inc (IRTC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, iRhythm Technologies Inc's (IRTC, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for iRhythm Technologies Inc (IRTC, Financial) in one year is $166.79, suggesting a upside of 53.6% from the current price of $108.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the iRhythm Technologies Inc (IRTC) Summary page.
