On May 2, 2025, Canaccord Genuity analyst William Plovanic maintained his "Buy" rating for iRhythm Technologies (IRTC, Financial). This decision reflects the analyst's confidence in the company's long-term performance potential despite a recent adjustment in the price target.
The updated price target for IRTC has been revised downward to $139.00 from the previous target of $152.00. The change reflects a decrease of approximately 8.55% in the price target.
iRhythm Technologies (IRTC, Financial) continues to be rated as a "Buy" by Canaccord Genuity despite the lowered price target, indicating a positive outlook from the analyst on the company's future prospects.
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 downside of 0.73% from the current price of $130.59. 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 27.72% from the current price of $130.5864. 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.
