iRhythm Technologies, Inc. (IRTC)
NASDAQ: IRTC · Real-Time Price · USD
74.17
+0.43 (0.58%)
Nov 21, 2024, 3:54 PM EST - Market open
iRhythm Technologies Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for IRTC stock have an average target of 107.78, with a low estimate of 78 and a high estimate of 145. The average target predicts an increase of 45.32% from the current stock price of 74.17.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IRTC stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $100 → $79 | Buy | Maintains | $100 → $79 | +6.52% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $119 → $96 | Strong Buy | Maintains | $119 → $96 | +29.44% | Oct 31, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $80 → $95 | Strong Buy | Maintains | $80 → $95 | +28.09% | Oct 22, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $117 → $80 | Strong Buy | Maintains | $117 → $80 | +7.87% | Oct 14, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $78 | Hold | Initiates | $78 | +5.17% | Oct 4, 2024 |
Financial Forecast
Revenue This Year
596.22M
from 492.68M
Increased by 21.02%
Revenue Next Year
693.25M
from 596.22M
Increased by 16.27%
EPS This Year
-3.56
from -4.04
EPS Next Year
-1.87
from -3.56
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 615.8M | 716.5M | 859.4M | ||
| Avg | 596.2M | 693.3M | 813.3M | ||
| Low | 571.0M | 659.4M | 771.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.0% | 20.2% | 24.0% | ||
| Avg | 21.0% | 16.3% | 17.3% | ||
| Low | 15.9% | 10.6% | 11.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.27 | -1.10 | -0.37 | ||
| Avg | -3.56 | -1.87 | -0.90 | ||
| Low | -3.95 | -2.36 | -1.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | ||
| Avg | - | - | - | ||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.