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Enter Symbol:
Rating: IRBT
Buy $41

Irobot Corporation (NASDAQ: IRBT) reiterated to Buy with price target $41 by Needham

Monday,  Oct 20, 2014  8:25 AM ET by Dave Ficere

Needham reiterated Irobot Corporation (NASDAQ: IRBT) to Buy with price
target $41. Previously Needham rated Buy with price target $32 Irobot Corporation (NASDAQ: IRBT) on 04/24/2013, when the stock price was $28.09.

iRobot Corp. designs robots that perform dull, dirty or dangerous missions in a better way. The company's proprietary technology, iRobot AWARE, Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.

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