Needham Maintains Buy on iRhythm Technologies, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Needham analyst David Saxon has maintained a 'Buy' rating on iRhythm Technologies (NASDAQ:IRTC), but lowered the price target from $140 to $108.

November 03, 2023 | 10:52 am
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iRhythm Technologies' price target has been lowered by Needham from $140 to $108, though the 'Buy' rating is maintained.
The news is directly about iRhythm Technologies. The lowering of the price target might indicate a potential downside risk, but the maintained 'Buy' rating suggests that the analyst still sees value in the stock. This could lead to mixed market reactions, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100