- Spruce Point reiterates its Strong Sell on iRobot (NASDAQ:IRBT) and sees a 70% to 80% downside risk.
- The firm cites competitive pressure contributing to ASP, market share, and cash flow losses along with Chinese tariff expansion and increasing distribution dependence on Amazon.
- Read the full report here.
- IRBT shares are down 3.7% to $87.99.
IRobot -3.7% on Spruce's Strong Sell
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About IRBT Stock
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Symbol | Last Price | % Chg |
---|---|---|
IRBT | - | - |
iRobot Corporation |