iRobot Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Investors in popular growth stock iRobot (NASDAQ: IRBT) have had a miserable year so far.
Shares of the Roomba manufacturer have shed 26% of their value since the beginning of this year, but the damage is actually even worse than that. Over the past 52 weeks, the stock is off 47%, and measured from the high-water mark reached prior to April's sales miss, shares are down a staggering 52% -- more than half the stock's value erased in just four short months.
Source Fool.com
