iRobot Corporation (IRBT) Tops Q3 EPS by 15c

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Go back to iRobot Corporation (IRBT) Tops Q3 EPS by 15c

iRobot (IRBT) PT, Estimates Lifted at Needham & Company Amid Strong Q3

October 22, 2014 12:19 PM EDT

Needham & Company analyst James Ricchiuti reiterated a Buy rating, raised estimates and raised his price target on iRobot Corporation (NASDAQ: IRBT) to $42.00 (from $41.00) following Q3 EPS that came in 15 cents, or 45%, above Street expectations, driven by impressive 19% growth in home robots, near-record gross margins... More