
iRobot (IRBT) Stock Forecast & Price Target
iRobot (IRBT) Analyst Ratings
Bulls say
iRobot Corp has experienced notable growth in Europe, particularly attributed to its innovative 2-in-1 vacuum/mop combo product, and anticipates expanding this success in North America through current and future product offerings. The company is planning a product lineup refresh for 2025 aimed at enhancing competitiveness, which is expected to contribute to a return to top-line growth, bolstered by significant gross margin improvements and a considerable reduction in operating expenses. As iRobot prepares to launch new products and capitalize on its brand recognition, management forecasts improved gross margins, positioning the company favorably amidst a competitive landscape.
Bears say
iRobot Corp has experienced a significant decline in revenues, with an 11% quarter-over-quarter drop in what is typically its strongest quarter, culminating in a year-over-year revenue decrease of 44%. This decline is exacerbated by an increased promotional spending strategy and substantial write-offs amounting to $8 million for excess component inventories and losses on non-cancelable purchase commitments, leading to a disappointing non-GAAP gross margin of 12.8%. The company's outlook is further clouded by a downgraded revenue estimate for 2025 to $615 million, alongside a projected operating loss that has widened considerably from prior guidance, highlighting concerns about its financial stability and overall market conditions.
This aggregate rating is based on analysts' research of iRobot and is not a guaranteed prediction by Public.com or investment advice.
iRobot (IRBT) Analyst Forecast & Price Prediction
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