Northland Securities Thinks iRobot’s Stock is Going to Recover

By Carrie Williams

Northland Securities analyst Michael Latimore maintained a Buy rating on iRobot (IRBTResearch Report) today and set a price target of $105. The company’s shares closed yesterday at $74.51, close to its 52-week low of $69.25.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.5% and a 57.1% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for iRobot with a $91.67 average price target.

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The company has a one-year high of $132.88 and a one-year low of $69.25. Currently, iRobot has an average volume of 822.6K.

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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.