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Fly News Breaks for December 3, 2018
IRBT
Dec 3, 2018 | 16:09 EDT
After conducting Black Friday channel checks, Piper Jaffray analyst Troy Jensen continues to believe the robotic vacuum cleaner market is experiencing strong demand in North America based on out-of-stock data from several of iRobot's U.S. retail partners. Further, the analyst thinks the European market is outpacing the U.S. market and he anticipates upside to consensus estimates when iRobot reports Q4 results in early February. The analyst, however, while upbeat on the robotic vacuum market, reiterates a Neutral rating on iRobot shares with an $82 price target. A full quarter of 10% trade tariffs, which may potentially increase to 25%, will have a "significant" drag on the company's revenue growth and/or earnings in 2019, Jensen tells investors in a research note.
News For IRBT From the Last 2 Days
IRBT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.