Beyond The Numbers: 9 Analysts Discuss iRhythm Technologies Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed opinions on iRhythm Technologies (NASDAQ:IRTC) with recent ratings showing a shift towards more conservative price targets. The average 12-month price target has decreased by 16.79% to $110.67. Despite positive revenue growth, the company faces challenges with high debt and low returns on equity and assets.
October 14, 2024 | 9:00 pm
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iRhythm Technologies has received mixed analyst ratings with a notable decrease in average price target by 16.79%. The company shows strong revenue growth but faces challenges with high debt and low returns on equity and assets.
The decrease in average price target by 16.79% indicates a more cautious outlook from analysts. Despite positive revenue growth, the company's high debt-to-equity ratio and low ROE/ROA suggest financial challenges, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100