Citigroup Maintains Neutral on iRobot, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has maintained a Neutral rating on iRobot (NASDAQ:IRBT) and lowered the price target from $14 to $13.
March 04, 2024 | 2:53 pm
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NEGATIVE IMPACT
Citigroup has maintained its Neutral rating on iRobot but reduced the price target from $14 to $13.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in iRobot's stock price. The Neutral rating suggests that the stock might not have significant upside or downside from its current level, but the lowered price target indicates a slightly less optimistic outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100