iRhythm Technologies (IRTC, Financial) has received a notable price target adjustment from the financial giant Citigroup. The updated price target for IRTC stands at $167.00 USD, marking a substantial increase from the previous target of $130.00 USD. This represents a percentage change of 28.46%.
The change in the price target comes as analyst Joanne Wuensch at Citigroup maintains a 'Buy' rating for IRTC, consistent with the prior rating.
iRhythm Technologies (IRTC, Financial), a company listed on the NASDAQ, continues to exhibit a promising outlook, according to Citigroup's latest analysis. Investors will likely pay close attention to this updated assessment as they consider their positions in IRTC.
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 $136.64 with a high estimate of $151.00 and a low estimate of $127.00. The average target implies an downside of 3.87% from the current price of $142.13. 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 1.6, 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 $163.10, suggesting a upside of 14.75% from the current price of $142.13. 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.
