Truist Securities Maintains Buy on iRhythm Technologies, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst David Rescott has reaffirmed a Buy rating on iRhythm Technologies (NASDAQ:IRTC) and increased the price target from $115 to $133, indicating a positive outlook on the company's stock.

December 22, 2023 | 3:17 pm
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Truist Securities analyst David Rescott maintains a Buy rating on iRhythm Technologies and raises the price target to $133, suggesting confidence in the company's future performance.
The increase in price target by Truist Securities reflects a strong vote of confidence in iRhythm Technologies' prospects. Such a positive adjustment by a reputable analyst can often lead to increased investor interest and a potential short-term rise in the stock price, as market participants may interpret the raised target as a signal of underlying strength in the company's fundamentals or growth potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100