iRhythm Technologies (IRTC) PT Raised to $180 at Needham

Needham analyst Michael Matson raised the price target on iRhythm Technologies (NASDAQ: IRTC) to $180.00 (from $151.00) while maintaining a Buy rating.

The analyst commented: "IRTC's 2Q25 revenue beat consensus and management raised its 2025 revenue guidance by more than the beat. Momentum accelerated driven primarily by Zio Monitor. Zio AT saw a record quarter and the innovative channel is emerging as a significant growth driver. Importantly, IRTC expects to become FCF positive in 2026. We believe IRTC's growth drivers should result in upside to numbers. We reiterate our Buy rating and raise our price target to $180 (from $151) on higher estimates."

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