IRBT Management Focused On Leveraging Bottom Line With Top Line Growth

Analysts at CK Cooper upgrade iRobot Corporation IRBT from "hold" to "buy." The target price for IRBT is set to $30. According to the analysts, the upgrade in the rating is based on “terrific job of turning around the operating model and has the proper focus to leverage the bottom line with top line growth.” “ Although, the first impression is that this valuation is rich, we would argue that looking deeper this valuation seems reasonable for a company which will deliver 100% EPS growth this year and easily 50%+ growth next year and has over $3 per share in cash. As such, we believe the risk/reward ratio is favorable. In conclusion, this is not your mother’s IRBT,” CK Cooper adds. More Analyst Ratings here