iRobot After the Breakup -- Time to Buy the Stock?
(NASDAQ: IRBT) is back to bumping along a path all by itself. The proposed Amazon acquisition failed its regulatory review, so investors again find themselves evaluating the robotic device specialist's prospects for finding its own growth opportunities.
Those prospects don't seem great. In late February, iRobot reported significant 2023 losses and projected another difficult year ahead for sales and earnings. But with the stock currently at an all-time low valuation, is it time to consider starting a position?
It's hard to see the failed acquisition as anything but a lucky development for Amazon. iRobot revealed that sales in the Q4 period were down 20% in the core U.S. market during the holidays and fell 14% overall. Keep in mind that Amazon's product sales were up 9% in a record holiday quarter for the e-commerce giant.
Source Fool.com
iRobot Corp. Stock
Currently there is a rather positive sentiment for iRobot Corp. with 4 Buy predictions and 0 Sell predictions.
With a target price of 50 € there is potential for a 474.71% increase which would mean more than doubling the current price of 8.7 € for iRobot Corp..
