Baird lowered the firm’s price target on iRhythm to $94 from $102 and keeps an Outperform rating on the shares. The firm said they delivered another quarter of +20% top-line growth, though lower gross margin headwinds and higher OpEx, led to slight bottom-line miss.
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- iRhythm sees FY23 revenue $487.5M-$490M, consensus $488.53M
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- iRhythm Technologies to Report Third Quarter 2023 Financial Results on November 2, 2023
- iRhythm price target lowered to $100 from $138 at Truist
- iRhythm price target lowered to $135 from $149 at Morgan Stanley