Needham Maintains Buy on iRhythm Technologies, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Needham analyst David Saxon maintains a Buy rating on iRhythm Technologies (NASDAQ:IRTC) but lowers the price target from $138 to $119.

August 02, 2024 | 10:09 am
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Needham analyst David Saxon maintains a Buy rating on iRhythm Technologies but lowers the price target from $138 to $119.
The maintained Buy rating suggests continued confidence in iRhythm Technologies' long-term prospects. However, the lowered price target indicates some concerns or adjustments in valuation, which could lead to mixed short-term reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100