On June 11, 2025, Morgan Stanley analyst Cecilia Furlong announced an update on iRhythm Technologies (IRTC, Financial), a leading player in medical technology. Morgan Stanley maintained its current "Overweight" rating for the stock, reflecting confidence in the company's potential for growth and performance.
The investment firm has raised its price target for iRhythm Technologies (IRTC, Financial) from $130.00 USD to $160.00 USD, marking a significant 23.08% increase. This adjustment indicates a strong positive outlook for the stock, suggesting that Morgan Stanley sees further upside in iRhythm Technologies' valuation.
iRhythm Technologies (IRTC, Financial) continues to be a focus for investors seeking opportunities in the medical technology sector. The updated price target by Morgan Stanley underscores the potential for advancement in the company's market position and financial performance.
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 $143.73 with a high estimate of $167.00 and a low estimate of $130.00. The average target implies an downside of 3.06% from the current price of $148.27. 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 $165.21, suggesting a upside of 11.43% from the current price of $148.27. 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.
