Freedom Capital Markets maintains Buy rating on iRhythm Holdings, $190 price target
Freedom Capital Markets kept a Buy rating and $190 price target on iRhythm Holdings, implying 74.2% upside from the Oct 5 close. The firm expects $1B+ revenue by 2027, 70%+ gross margin, and 15%+ EBITDA margin. The VitalConnect acquisition could add $65M in revenue within 12 months.
How this was made

The 30-second read
Why it matters
The maintained Buy rating and $190 target suggest a strong bullish outlook, potentially prompting short-term buying.
Market read
New analyst rating and price target provide fresh actionable information for traders.
What to watch
No discussion of competitive pressures or regulatory hurdles in the cardiac monitoring space.
Background
Analyst note from Freedom Capital Markets on iRhythm Holdings (IRHM).
Market effects
Potential uplift for the ambulatory cardiac monitoring sector as the upgrade highlights growth prospects.
Limited to U.S. markets where the stock trades.
Minimal global impact beyond the company's niche.
Counterpoint
The target assumes successful integration of VitalConnect; integration risks could temper upside.
Key entities
- CompanyiRhythm Holdings
Provider of ambulatory cardiac monitoring solutions.
- AnalystFreedom Capital Markets
Equity research firm issuing the rating.
