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iRobot (NASDAQ:IRBT)‘s stock had its “neutral” rating reissued by Zacks in a research note issued to investors on Tuesday. They currently have a $36.00 price objective on the stock. Zacks‘s target price indicates a potential upside of 3.75% from the stock’s previous close.

Zacks’ analyst wrote, “iRobot reported adjusted earnings of $0.21 per share, flat year over year. Revenues increased 7% year over year to $140 million due to strong sales in the Home Robots segment, which is anticipated to grow significantly in the coming quarters as well. Moreover, the company expects to benefit from its Defense and Security Robots segment too. Also, recently launched products will enable the company to generate significantly higher market share in the coming quarters. However, in spite of these factors, the company faces increasing socio-economic and foreign exchange transaction risks. At the same time, the company’s dependence on the U.S. federal government raises our concern. Based on these factors, we maintain our Neutral recommendation on the stock.”

Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, July 17th. They now have a $36.50 price target on the stock, up previously from $33.00. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.75.

Shares of iRobot (NASDAQ:IRBT) traded up 1.18% on Tuesday, hitting $35.11. The stock had a trading volume of 303,066 shares. iRobot has a one year low of $28.90 and a one year high of $48.36. The stock has a 50-day moving average of $36.05 and a 200-day moving average of $37.73. The company has a market cap of $1.038 billion and a P/E ratio of 41.66.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $142.51 million. During the same quarter last year, the company posted $0.28 earnings per share. iRobot’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that iRobot will post $1.15 EPS for the current fiscal year.

iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.

To view Zacks’ full report, visit Zacks’ official website.

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