iRhythm Technologies (NASDAQ:IRTC) Trading Down 6.2% After Analyst Downgrade

iRhythm Technologies (NASDAQ:IRTC) saw its shares drop 6.2% after Canaccord Genuity lowered its price target from $212 to $198, despite maintaining a “buy” rating. This decline occurred even though the company reported a strong Q4 beat with record revenue of $208.9M and EPS of $0.29, significantly exceeding expectations. Analysts’ price target adjustments and insider selling have created near-term selling pressure, though the consensus remains a “Moderate Buy” with an average target of $211.62.

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