Needham Sticks to Its Hold Rating for iRobot (IRBT)

Needham analyst James Ricchiuti maintained a Hold rating on iRobot (IRBTResearch Report) today. The company’s shares closed last Friday at $59.54.

Ricchiuti covers the Technology sector, focusing on stocks such as Digimarc, II-VI, and Stratasys. According to TipRanks, Ricchiuti has an average return of 17.7% and a 60.84% success rate on recommended stocks.

Currently, the analyst consensus on iRobot is a Moderate Sell with an average price target of $38.50.

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The company has a one-year high of $98.86 and a one-year low of $35.41. Currently, iRobot has an average volume of 634.7K.

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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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