iRhythm Technologies, Inc. (IRTC)
NASDAQ: IRTC · IEX Real-Time Price · USD
98.97
+0.46 (0.47%)
At close: Jul 19, 2024, 4:00 PM
98.98
+0.01 (0.01%)
Pre-market: Jul 20, 2024, 9:28 AM EDT
iRhythm Technologies Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for IRTC stock have an average target of 127.5, with a low estimate of 110 and a high estimate of 138. The average target predicts an increase of 28.83% from the current stock price of 98.97.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IRTC stock from 8 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 5 | 5 |
| Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $145 → $134 | Strong Buy | Maintains | $145 → $134 | +35.39% | Jul 16, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $135 → $130 | Buy | Maintains | $135 → $130 | +31.35% | Jul 15, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $115 | Hold → Buy | Upgrades | $115 | +16.20% | Jun 20, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $133 → $122 | Strong Buy | Maintains | $133 → $122 | +23.27% | May 3, 2024 |
| Needham | Needham | Strong Buy Maintains $137 → $138 | Strong Buy | Maintains | $137 → $138 | +39.44% | May 3, 2024 |
Financial Forecast
Revenue This Year
595.46M
from 492.68M
Increased by 20.86%
Revenue Next Year
703.19M
from 595.46M
Increased by 18.09%
EPS This Year
-3.16
from -4.04
EPS Next Year
-2.05
from -3.16
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 615.5M | 729.4M | 875.3M | 1.1B | 1.0B |
| Avg | 595.5M | 703.2M | 825.5M | 964.0M | 1.0B |
| Low | 568.4M | 669.3M | 769.7M | 869.2M | 968.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.9% | 22.5% | 24.5% | 27.6% | 7.6% |
| Avg | 20.9% | 18.1% | 17.4% | 16.8% | 4.6% |
| Low | 15.4% | 12.4% | 9.5% | 5.3% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -2.88 | -0.90 | -0.01 | 0.91 | 0.92 |
| Avg | -3.16 | -2.05 | -0.77 | 0.46 | 0.90 |
| Low | -3.43 | -2.83 | -1.27 | 0.04 | 0.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 99.1% |
| Avg | - | - | - | - | 93.4% |
| Low | - | - | - | - | 85.8% |
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.