Northland Securities analyst Michael Latimore maintained a Buy rating on iRobot (IRBT) today and set a price target of $130. The company’s shares closed yesterday at $91.44.
Latimore wrote:
“We view this increase as a sign iRobot volumes are growing nicely. Ecovacs ranks about 500 v. about the same last year in iOS, and 60 in Android v. 55 last year. Shark ranks about 400 in iOS in US.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.9% and a 59.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Currently, the analyst consensus on iRobot is a Moderate Buy with an average price target of $108.33.
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iRobot’s market cap is currently $2.56B and has a P/E ratio of 28.99. The company has a Price to Book ratio of 4.56.
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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.
