iRobot Corp. (IRBT) option IV collapses after Amazon (AMZN) buyout

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JPMorgan Upgrades iRobot Corporation (IRBT) to Neutral

August 8, 2022 8:14 AM EDT

JPMorgan analyst Mark Strouse upgraded iRobot Corporation (NASDAQ: IRBT) from Underweight to Neutral with a price target of $61.00 (from $45.00).

THe analyst comments "Following Amazons agreement to acquire IRBT in all cash for $1.7B, we move to Neutral (from Underweight) and establish our... More