iRhythm Tech's Stock Selloff Went Too Far After Preliminary Update: Analyst
Despite the stock dip, long-term revenue growth remains strong. Historical examples show stock recovery post-revenue surprises.
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Despite the stock dip, long-term revenue growth remains strong. Historical examples show stock recovery post-revenue surprises.
What happened, with direct paths to the underlying reporting
iRhythm expects 2025 revenue above $740 million with strong Q4 performance. 2026 revenue forecast of $870-$880 million shows 17-18% growth. Stock fell 20% due to Zio MCT launch delay to 2027. Analyst believes stock weakness is overblown; recommends buying. iRhythm maintains Outperform rating, expects solid long-term growth.
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