iRhythm Technologies, Inc. (IRTC)
NASDAQ: IRTC · Real-Time Price · USD
89.37
+0.71 (0.80%)
Dec 24, 2024, 4:00 PM EST - Market closed
iRhythm Technologies Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for IRTC stock have an average target of 108.7, with a low estimate of 78 and a high estimate of 152. The average target predicts an increase of 21.63% from the current stock price of 89.37.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IRTC stock from 10 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Hold | 0 | 0 | 0 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 8 | 9 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $85 → $111 | Strong Buy | Maintains | $85 → $111 | +24.20% | Dec 18, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $125 → $152 | Strong Buy | Maintains | $125 → $152 | +70.08% | Dec 9, 2024 |
| Wells Fargo | Wells Fargo | Hold Initiates $86 | Hold | Initiates | $86 | -3.77% | Dec 3, 2024 |
| Baird | Baird | Buy Maintains $100 → $79 | Buy | Maintains | $100 → $79 | -11.60% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $119 → $96 | Strong Buy | Maintains | $119 → $96 | +7.42% | Oct 31, 2024 |
Financial Forecast
Revenue This Year
596.13M
from 492.68M
Increased by 21.00%
Revenue Next Year
693.12M
from 596.13M
Increased by 16.27%
EPS This Year
-3.50
from -4.04
EPS Next Year
-1.80
from -3.50
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 615.8M | 716.5M | 859.4M | |||
| Avg | 596.1M | 693.1M | 813.3M | |||
| Low | 571.0M | 659.4M | 767.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 25.0% | 20.2% | 24.0% | |||
| Avg | 21.0% | 16.3% | 17.3% | |||
| Low | 15.9% | 10.6% | 10.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -3.27 | -1.10 | -0.18 | |||
| Avg | -3.50 | -1.80 | -0.75 | |||
| Low | -3.95 | -2.36 | -1.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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.