iRhythm Technologies, Inc. (IRTC)
NASDAQ: IRTC · IEX Real-Time Price · USD
88.21
+0.08 (0.09%)
May 31, 2024, 4:00 PM EDT - 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 130.4, with a low estimate of 110 and a high estimate of 140. The average target predicts an increase of 47.83% from the current stock price of 88.21.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 3, 2024.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| 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 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $133 → $122 | Strong Buy | Maintains | $133 → $122 | +38.31% | May 3, 2024 |
| Needham | Needham | Strong Buy Maintains $137 → $138 | Strong Buy | Maintains | $137 → $138 | +56.44% | May 3, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $142 → $133 | Buy | Maintains | $142 → $133 | +50.78% | Feb 23, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $121 → $133 | Strong Buy | Maintains | $121 → $133 | +50.78% | Feb 23, 2024 |
| Needham | Needham | Strong Buy Maintains $136 → $137 | Strong Buy | Maintains | $136 → $137 | +55.31% | Feb 23, 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 | 0.99 | 1.68 |
| Avg | -3.16 | -2.05 | -0.77 | 0.92 | 1.63 |
| Low | -3.43 | -2.83 | -1.27 | 0.85 | 1.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 82.0% |
| Avg | - | - | - | - | 76.8% |
| Low | - | - | - | - | 69.9% |
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.