Needham Maintains Buy on iRhythm Technologies, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Needham analyst David Saxon has maintained a 'Buy' rating on iRhythm Technologies (NASDAQ:IRTC), but lowered the price target from $151 to $130.
August 04, 2023 | 3:01 pm
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iRhythm Technologies' price target has been lowered from $151 to $130 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100