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Robert W. Baird Lowers iRhythm Technologies (NASDAQ:IRTC) Price Target to $200.00
Robert W. Baird has lowered its price target for iRhythm Technologies (NASDAQ:IRTC) from $220.00 to $200.00, while maintaining an “outperform” rating, suggesting a potential upside of 36.14%. Despite the price target cut, and a 7.5% share drop, iRhythm exceeded quarterly earnings expectations with an EPS of $0.29 (vs. $0.02 expected) and revenue of $208.9M, a 27.1% year-over-year increase. The company remains unprofitable with a negative net margin and P/E ratio, and recent insider sales have occurred.