Oppenheimer raised the firm’s price target on iRhythm (IRTC) to $175 from $130 and keeps an Outperform rating on the shares. The firm notes Q2 revenues were $187M, well ahead of its/consensus $174M estimate. FY25 revenue guide raised to $720M-$730M from $690M-$700M, Oppenheimer adds.
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Read More on IRTC:
- iRhythm price target raised to $190 from $165 at BTIG
- iRhythm price target raised to $180 from $160 at Baird
- iRhythm Technologies: Strong Performance and Growth Potential Justify Buy Rating
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- iRhythm price target raised to $190 from $145 at JPMorgan