BUZZ-Needham raises PT on iRhythm Technologies

Reuters

01-14

** Brokerage Needham raises PT on medical device maker iRhythm Technologies' shares to $112 from $96; maintains "buy" rating

** Raised PT represents 14.8% upside to stock's last close

** Brokerage forecasts Q4 revenue to be more than $160 mln vs est $157.5 mln - LSEG

** IRTC's heart monitoring devices, Zio monitor and Zio AT, drove company's strength in revenue forecast - brokerage

** Company forecast 2025 revenue between $675 mln and $685 mln, brokerage expects company will make "further progress on ramping profitability"

** Company's shares fell ~11% in 2024

(Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com))

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maintains \"buy\" rating</p><p>   ** Raised PT represents 14.8% upside to stock's last close</p><p>   ** Brokerage forecasts Q4 revenue to be more than $160 mln vs est $157.5 mln - LSEG</p><p>   ** IRTC's heart monitoring devices, Zio monitor and Zio AT, drove company's strength in revenue forecast - brokerage</p><p>   ** Company forecast 2025 revenue between $675 mln and $685 mln, brokerage expects company will make \"further progress on ramping profitability\"</p><p>   ** Company's shares fell ~11% in 2024</p><p>(Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2503739015","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503739015","pubTimestamp":1736862189,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Brokerage Needham raises PT on medical device maker iRhythm Technologies'    shares to $112 from $96; maintains \"buy\" rating   ** Raised PT represents 14.8% upside to stock's last close   ** Brokerage forecasts Q4 revenue to be more than $160 mln vs est $157.5 mln - LSEG   ** IRTC's heart monitoring devices, Zio monitor and Zio AT, drove company's strength in revenue forecast - brokerage   ** Company forecast 2025 revenue between $675 mln and $685 mln, brokerage expects company will make \"further progress on ramping profitability\"   ** Company's shares fell ~11% in 2024 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"BUZZ-Needham提高iRhythm Technologies的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRTC":0.9,"PT":1},"content_text":"** Brokerage Needham raises PT on medical device maker iRhythm Technologies'    shares to $112 from $96; maintains \"buy\" rating   ** Raised PT represents 14.8% upside to stock's last close   ** Brokerage forecasts Q4 revenue to be more than $160 mln vs est $157.5 mln - LSEG   ** IRTC's heart monitoring devices, Zio monitor and Zio AT, drove company's strength in revenue forecast - brokerage   ** Company forecast 2025 revenue between $675 mln and $685 mln, brokerage expects company will make \"further progress on ramping profitability\"   ** Company's shares fell ~11% in 2024(Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}