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Fly News Breaks for January 3, 2020
IRBT
Jan 3, 2020 | 06:52 EDT
Piper Jaffray analyst Troy Jensen keeps his Neutral rating and $51 price target on iRobot, saying the company's Q4 results should be "relatively in line with guidance" following a "solid" holiday season sales of robotic vacuum cleaners in 2019, though "not as strong" as in 2018. The analyst maintains a positive view on the robotic vacuum cleaner market but believes that the stock is fairly valued, anticipating a trading range to be sustained until the tariff issues are resolved.
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