Analyst Expectations for iRhythm Technologies's Future
Portfolio Pulse from Benzinga Insights
iRhythm Technologies (NASDAQ:IRTC) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish rating. Over the past 3 months, 4 analysts have set a 12-month price target for IRTC, averaging $117.0, with a high of $135.00 and a low of $108.00. This average has decreased by 9.77% from the previous target of $129.67. Analysts typically review stocks quarterly or after major company updates, using various methods to predict future performance.
December 12, 2023 | 6:00 pm
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iRhythm Technologies has received predominantly positive ratings from analysts, with a downward revision in the average price target to $117.0, which is a 9.77% decrease from the previous target.
While the overall analyst sentiment for iRhythm Technologies is positive, the decrease in the average price target may reflect a tempered outlook on the stock's future performance. The short-term impact is likely neutral as the positive ratings could balance out the negative sentiment from the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100