iRobot (IRBT – Research Report) received a Hold rating and a $61.00 price target from J.P. Morgan analyst Paul J Chung yesterday. The company’s shares closed yesterday at $58.86.
J Chung covers the Technology sector, focusing on stocks such as Cognex, Plexus, and Diebold Nixdorf. According to TipRanks, J Chung has an average return of -5.1% and a 39.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for iRobot with a $53.75 average price target.
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IRBT market cap is currently $1.6B and has a P/E ratio of -32.11.
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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.
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