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NASDAQ: IRTC
Irhythm Technologies Inc Stock Forecast, Predictions & Price Target

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Analyst price target for IRTC

Based on 10 analysts offering 12 month price targets for Irhythm Technologies Inc.
Min Forecast
$105.00-16.46%
Avg Forecast
$160.80+27.93%
Max Forecast
$198.00+57.53%

Should I buy or sell IRTC stock?

Based on 10 analysts offering ratings for Irhythm Technologies Inc.
Strong Buy
Strong Buy
6 analysts 60%
Buy
2 analysts 20%
Hold
1 analysts 10%
Sell
1 analysts 10%
Strong Sell
0 analysts 0%

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IRTC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Bottom 15%
15
Strong BuyMaintains$172.00+36.84%2022-09-22
JP Morgan
Bottom 31%
31
Strong BuyMaintains$190.00+51.17%2022-09-22
Canaccord Genuity
Bottom 12%
12
Strong BuyMaintains$198.00+57.53%2022-09-02
BTIG
Top 7%
94
Strong BuyMaintains$178.00+41.62%2022-08-05
Truist Securities
Bottom 32%
32
Strong BuyMaintains$165.00+31.28%2022-06-16
Citigroup
Top 8%
93
HoldDowngrades$155.00+23.32%2022-06-09
Needham
Bottom 7%
7
BuyMaintains$179.00+42.41%2022-05-06
Wolfe Research
Top 11%
90
SellInitiates Coverage On$105.00-16.46%2022-04-06
Anonymous
Morgan Stanley
Strong BuyMaintains$151.00+20.14%2022-02-24
Oppenheimer
Bottom 7%
7
BuyUpgrades$150.00+19.34%2022-01-11

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Forecast return on equity

Is IRTC forecast to generate an efficient return?
Company
-7.86%
Industry
16.58%
Market
109.89%
IRTC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is IRTC forecast to generate an efficient return on assets?
Company
-4.41%
Industry
10.2%
IRTC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

IRTC earnings per share forecast

What is IRTC's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
-$3.06
Avg 2 year Forecast
-$2.19
Avg 3 year Forecast
-$0.64

IRTC revenue forecast

What is IRTC's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$419.2M+15.92%
Avg 2 year Forecast
$515.1M+42.42%
Avg 3 year Forecast
$631.6M+74.65%
IRTC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

IRTC revenue growth forecast

How is IRTC forecast to perform vs Medical Instruments & Supplies companies and vs the US market?
Company
20.06%
Industry
5.18%
Market
8.28%
IRTC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
IRTC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

IRTC vs Medical Stocks

TickerPricePrice TargetUp/downsideConsensus
IRTC$125.69$160.80+27.93%Strong Buy
HAE$73.61$85.00+15.47%Buy
ICUI$151.48$207.50+36.98%Strong Buy
STAA$71.85$107.80+50.03%Strong Buy
MMSI$57.07$71.75+25.72%Buy

Irhythm Technologies Stock Forecast FAQ

Is Irhythm Technologies Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: IRTC) stock is to Strong Buy IRTC stock.

Out of 10 analysts, 6 (60%) are recommending IRTC as a Strong Buy, 2 (20%) are recommending IRTC as a Buy, 1 (10%) are recommending IRTC as a Hold, 1 (10%) are recommending IRTC as a Sell, and 0 (0%) are recommending IRTC as a Strong Sell.

If you're new to stock investing, here's how to buy Irhythm Technologies stock.

What is IRTC's earnings growth forecast for 2022-2024?

(NASDAQ: IRTC) Irhythm Technologies's forecast annual earnings growth rate of N/A is not forecast to beat the US Medical Instruments & Supplies industry's average forecast earnings growth rate of 28.61%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.69%.

Irhythm Technologies's earnings in 2022 is -$130,728,000.On average, 3 Wall Street analysts forecast IRTC's earnings for 2022 to be -$91,881,289, with the lowest IRTC earnings forecast at -$92,481,820, and the highest IRTC earnings forecast at -$90,980,492. On average, 5 Wall Street analysts forecast IRTC's earnings for 2023 to be -$65,758,177, with the lowest IRTC earnings forecast at -$85,275,445, and the highest IRTC earnings forecast at -$55,549,145.

In 2024, IRTC is forecast to generate -$19,217,002 in earnings, with the lowest earnings forecast at -$39,635,066 and the highest earnings forecast at $2,702,391.

What is IRTC's revenue growth forecast for 2022-2024?

(NASDAQ: IRTC) Irhythm Technologies's forecast annual revenue growth rate of 20.06% is forecast to beat the US Medical Instruments & Supplies industry's average forecast revenue growth rate of 5.18%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.28%.

Irhythm Technologies's revenue in 2022 is $361,665,000.On average, 5 Wall Street analysts forecast IRTC's revenue for 2022 to be $12,588,247,031, with the lowest IRTC revenue forecast at $12,541,195,404, and the highest IRTC revenue forecast at $12,611,157,300. On average, 5 Wall Street analysts forecast IRTC's revenue for 2023 to be $15,466,353,339, with the lowest IRTC revenue forecast at $14,980,253,279, and the highest IRTC revenue forecast at $16,320,729,220.

In 2024, IRTC is forecast to generate $18,966,099,623 in revenue, with the lowest revenue forecast at $17,954,985,073 and the highest revenue forecast at $20,093,777,298.

What is IRTC's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: IRTC) forecast ROA is -4.41%, which is lower than the forecast US Medical Instruments & Supplies industry average of 10.2%.

What is IRTC's Price Target?

According to 10 Wall Street analysts that have issued a 1 year IRTC price target, the average IRTC price target is $160.80, with the highest IRTC stock price forecast at $198.00 and the lowest IRTC stock price forecast at $105.00.

On average, Wall Street analysts predict that Irhythm Technologies's share price could reach $160.80 by Sep 22, 2023. The average Irhythm Technologies stock price prediction forecasts a potential upside of 27.93% from the current IRTC share price of $125.69.

What is IRTC's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: IRTC) Irhythm Technologies's current Earnings Per Share (EPS) is -$4.43. On average, analysts forecast that IRTC's EPS will be -$3.06 for 2022, with the lowest EPS forecast at -$3.08, and the highest EPS forecast at -$3.03. On average, analysts forecast that IRTC's EPS will be -$2.19 for 2023, with the lowest EPS forecast at -$2.84, and the highest EPS forecast at -$1.85. In 2024, IRTC's EPS is forecast to hit -$0.64 (min: -$1.32, max: $0.09).

What is IRTC's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: IRTC) forecast ROE is -7.86%, which is considered weak.
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