iRhythm Technologies Inc (IRTC) Stock Forecast & Predictions

iRhythm Technologies Inc IRTC: $90.86

650 Townsend St Ste 500, San Francisco, California, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web:

  • Market Cap$2.65B
  • Change (52 Weeks)2.39%
  • Low (52 Weeks)$77.43
  • iRhythm Technologies Inc (IRTC) Forecast Based on Technical Analysis

    Based on 16 Technical Indicators where 6.25% are on Buy, 50.00% on Sell, and 43.75% Neutral.

    According to the market data, iRhythm Technologies Inc (IRTC) stock price is $90.86 and the 52 weeks low is $77.43, which means the iRhythm Technologies Inc stock price is up 2.39% in the last 12 months.

    iRhythm Technologies Inc (IRTC) Stock Price has been Trending Strongly with an ADX reading of 33.40 as per the Weekly Chart.

    A Upward trend indicates that iRhythm Technologies Inc (IRTC) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 6.25% are indicating that IRTC Stock price might rise further, 50.00% indicating that IRTC Stock price might fall, and 43.75% are in a neutral position.

    Based on these technical algorithms, overall IRTC stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    iRhythm Technologies Inc (IRTC) Stock Forecast By Analysts

    Strong Buy
    Analysts Recommendations for iRhythm Technologies Inc (IRTC) is based on 16 Institutional Analyst Ratings where 37.50% are on Strong Buy, 31.25% on Moderate Buy, 31.25% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 16 Institutional Analysts, majority recommended IRTC stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of iRhythm Technologies Inc.

    iRhythm Technologies Inc (IRTC) Stock Price Prediction By Analysts

    $220.32142.48% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for IRTC set by the institutional analysts is $220.32 where High Estimate is $302.40, Median $218.28 and Low $171.70.

    The average price target for IRTC by Institutional Analysts is $220.32, which is 142.48% Upside from the current price. So according to the Institutional Analysts, IRTC Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    iRhythm Technologies Inc (IRTC) Stock Forecast Based on Investor Sentiment

    Very Positive

    Based on 381,013 investor portfolio.

    Our algorithm has analysed 381,013 investor portfolio with IRTC stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about IRTC and holding their positions hoping for a further rise in the stock price and more profit.

    iRhythm Technologies Inc (IRTC) Stock Forecast Based on News Sentiment

    Based on 14 articles published Last Week, where 0.00% are Bullish and 100.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked negatively about IRTC, it shows that iRhythm Technologies Inc had a 100.00% negative news coverage.

    Negative news coverage usually affects short-term price of a stock, so this negative coverage provides an indication that IRTC stock price may go down in the next few weeks.

    iRhythm Technologies Inc (IRTC) Stock Forecasts By Institutional Analysts

    Morgan StanleyEqual-WeightDowngraded
    Truist SecuritiesBuyMaintained
    Colliers SecuritiesNeutralDowngraded
    Truist SecuritiesBuyMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    Canaccord GenuityBuyMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    Canaccord GenuityBuyMaintained
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    SunTrust Robinson HumphreyBuyInitiated
    Morgan StanleyOverweightMaintained
    BTIG ResearchBuyUpgraded
    Chardan CapitalNeutralDowngraded
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalOutperformMaintained
    Canaccord GenuityBuyMaintained
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    Chardan CapitalBuyInitiated
    Morgan StanleyOverweightMaintained
    BMO CapitalOutperformMaintained
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalOutperformInitiated
    JP MorganOverweightMaintained
    RBC CapitalOutperformInitiated
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    Canaccord GenuityBuyMaintained
    BTIG ResearchNeutralDowngraded
    Morgan StanleyOverweightInitiated
    JP MorganOverweightInitiated
    Canaccord GenuityBuyInitiated
    BTIG ResearchBuyInitiated

    iRhythm Technologies Inc (IRTC) Stock Earning Per Share (EPS) Forecast / Estimate

    The average consensus EPS for IRTC is $-0.781 with a high estimate of $-0.315 and Low of $-1.911 for the period 2021-06-30 and based on 13 Institutional Analysts.

    Last Quarter


    The latest average Earning Per Share Estimate for iRhythm Technologies Inc is $-0.78, which is lower than IRTC's last EPS, $-0.17. This means that Analysts are expecting iRhythm Technologies Inc to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of iRhythm Technologies Inc.

    Earning Per Share (EPS) History


    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).