Why iRobot Corporation Stock Dropped Today
Shares of iRobot Corporation (NASDAQ: IRBT) declined 13.5% on Wednesday, after a negative analyst note overshadowed the home robotics company's better-than-expected third-quarter 2017 results.
More specifically on the latter, late yesterday iRobot announced that its third-quarter revenue had climbed 21.8% year over year to $205.4 million, which translated to adjusted earnings of $0.52 per share. Both figures easily outpaced consensus estimates for adjusted earnings of $0.47 per share on revenue of $204.5 million.
This morning, however, Piper Jaffray analyst Troy Jensen reiterated his neutral rating on iRobot stock, and reduced his per-share price target from $92 to $69.
Source: Fool.com
iRobot Corp. Stock
€8.72
2.910%
With 9 Sell predictions and only 2 Buy predictions the community sentiment for iRobot Corp. is rather negative.
With a target price of 7 € there is a slightly negative potential of -19.72% for iRobot Corp. compared to the current price of 8.72 €.
