Scalper1 News
Robots are hot now thanks to activity in the sector by Internet giants Amazon.com (AMZN) and Google (GOOG). And pure-play robot maker iRobot is benefiting from the increased attention. IRobot stock jumped as much as 23% Tuesday on a bullish report from Raymond James analyst Brian Gesuale. In afternoon trading, iRobot stock was up 17%, near 37, in heavy volume on the stock market today. On Monday, iRobot rose 6.7%. Gesuale upgraded iRobot (IRBT) stock to strong buy from market perform and set a price target of 39. He says the company’s new Roomba 800 series vacuum-cleaner robots and low-cost Braava floor-cleaning robots will drive sales in 2014. “We see floor care as a two-year bridge that supports upper teen EPS growth until new remote presence, health care and home robots hit the market,” he wrote in a research report Tuesday. “As the latter occurs, we see new products catalyzing.”… Scalper1 News
Scalper1 News