If you want to invest money in a Robot-technology based stock that has growth potential now and in the long term, you are not going to look anywhere than the IRBT stock.
In this article, we will show you all you need to know about IRBT stock, how you can buy the stock and IRBT Stock price predictions covering ten years forecast.
What is IRBT Stock?
IRBT is a financial instrument of a company called iRobot Corporation through which it sells shares of stock in the NASDAQ exchange under the ticker symbol ‘IRBT’ and prices pegged in US Dollars.
iRobot Corporation is a home robotics enterprise based in the United States. The consumer based robotics enterprise is best known for pioneering the robotic vacuum and was founded in 1990 by MIT Artificial Intelligence Lab members Colin Angle, Rodney Brooks and Helen Greiner.
iRobot Corporation is a global robot making company that designs and builds interactive robots and smart home innovations that supports quality livelihood. The company floated the first Roomba robot vacuum in 2002 and currently a global initiative that has sold millions of robots worldwide.
iRobot’s invented business technologies and innovative concepts in cleaning, mapping and navigation from which iRobot engineers are building robots and intelligent home devices to help users have quality comfort at their homes.
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iRobot New Deal With Amazon
On August 5, Amazon (NASDAQ: AMZN) and iRobot (NASDAQ:IRBT) announced that they have entered into a definitive merger agreement under which Amazon will acquire iRobot.
iRobot has a history of making customers’ lives easier with innovative cleaning products for the home. iRobot has continued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day.
If the new deal sails through, Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at roughly $1.7 billion, including iRobot’s net liability.
The deal will be finalized subject to routine closing conditions, regulatory approval, and approval by iRobot’s stakeholders. Colin Angle is said to remain as CEO of iRobot upon completion of the deal.
Is IRBT a Good Investment?
The stock of iRobot (NASDAQ:IRBT) 30-year Financials is estimated to be modestly undervalued. The stock has not attained its potential growth, this means the growth prospect is futuristic.
The company’s financial condition is fair and its profitability is strong. Its growth ranks better than 76% of the companies in Hardware industry. It is a perfect destination for anyone who wants to buy technology stock because its products are very innovative and will continue to attract higher revenues to the company.
iRobot has the history of revenue growth with significant growth in value of IRBT stock. Significant growth over time has challenged the company specifically in terms of clarity of roles and doing work efficiently and well. It is a good company for aggressive investors who can tap into the growing potential of the iRobot shares.
What is IRBT’s Price Target?
We assembled 5 Penworld Gurus Analysts last week and they issued a-one year IRBT price target. The average IRBT price target is $69.63, with the highest IRBT stock price forecast at $83.54 and the lowest IRBT stock price forecast at $55.72.
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Wall Street analysts early this year predict that iRobot’s share price could fall to $58.33 by Jul 14, 2023; the average iRobot stock price prediction shows a potential decline of 2.03% from the current IRBT share price of $59.54.
Is iRobot Publicly Traded?
Yes. iRobot Corporation went public on November 9, 2005 with IPO priced at $24.00 per share in the NASDAQ exchange. The all-time high iRobot stock closing price was 161.16 on January 27, 2021.
Is IRBT Stock A Good Buy Now?
The iRobot Corporation stock (IRBT) holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.
There is a general good-buy signal considering that the short-term average signal is above the long-term average signal. Thus, we believe the IRBT technical signals are good enough to make it good-buy candidate.
How to Buy IRBT Stock
To buy the iRobot Stock you are required to follow the steps below.
Step 1: Compare Stock Trading Platforms
The easiest way to buy IronSource Stock is from stock exchange platform and you must compare their operations and fees before you choose an exchange that suits your investment target. Comparison table is crucial here.
Step 2: Open Your Brokerage Account
Complete an application with your details such as your ID and address and then fund the account. This means that you must deposit sufficient money in your account.
Step 3: Confirm Your Payment Details
Once you make payment to your investment account, you will need to contact your broker to confirm payment.
Step 4: Research the Stock
Find the stock by name or ticker symbol – IRBT—and research it before deciding if it is a good investment for you at the time.
Step 5: Purchase Now or Later
Buy your preferred number/volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Monitor Your Investment
Optimize your portfolio by tracking your stock to enable you know when to take certain investment decisions.
IRBT Stock Price Prediction 2022, 2023-2033
In our platform, penworldgurus.com, we use technical analysis to attempt predictions of IRBT Stock average price and arrived at the following findings based on an annual point price prediction of the IRBT Stock.
IRBT Stock Price Prediction 2022
The prediction relies on expert analysis of IRBT historical price data using ARIMA.
IRBT Stock price is estimated to reach maximum at $80.78 by the end of 2022. It was estimated that IRBT price will drop to as low as $53.48. The price is predicted to average $67.28.
IRBT Stock Price Prediction 2023
The market shows a bullish sign because there is still optimism that the stock will attract much more investors’ confidence owing to the spectacular growth of iRobot Corporation
The year 2023 is expected to end with a maximum price of $99.76 and a minimum price value of $73.88. The average price is projected at $86.82 all things being equal.
IRBT Stock Price Prediction 2024
Due to the prevailing market dynamics, IRBT will witness a further steady growth.
In 2024, the price of IRBT Stock is expected to worth a maximum value of $105.10. The minimum price is expected to hit approximately $89.40 with average price estimated at $97.25.
IRBT Stock Price Prediction 2025
Experts predicted that IRBT Stock will attain $121.75 by the year 2025 with the minimum price value expected to hit $100.39.
The average price of $111.07 is projected for the year. This shows that iRobot Stock price will reach somewhere around $100 in the year 2025.
IRBT Stock Price Prediction 2026
By this year, analysts are optimistic about high price. Minimum projection is $110.34 with a possible peak reaching $145.33.
On the average, it is expected that the price is around $127.83 in 2026. High price volatility is expected during the year.
IRBT Stock Price Prediction 2027
Based on the aggregate point predictions of stock analysts, the estimated average price of IRBT Stock will be around $140.73.
It predicted to go up to a minimum of $117.47 and reaching the peak at $164.00. There is high volatility together with high price through the year.
IRBT Stock Price Prediction 2028
Technical analysis by our stock-market experts shows that the price of IRBT Stock in 2028 is expected to attain $120.31 minimum and $167.20 maximum. The average expected trading cost is $143.75.
IRBT Stock Price Prediction 2029
Analysts now consider IRBT an enticing stock for long term investors who would want to benefit from future price appreciation.
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It is expected that by the end of 2029 the stock will value between $131.67and $183.66. On the average the price will trade at $157.66 in 2029.
IRBT Stock Price Prediction 2030
Analysts predict that the maximum trading price of IRBT Stock in 2030 is $188.27 and the minimum price is projected to hit $147.55.
All things being equal, the average price is estimated at $167.91. This shows that the IRBT stock will attain an average price target that will be above its all-time-high ($161) in 2030.
IRBT Stock Price Prediction 2031
There is a more stable price of IRBT Stock all through the year. It is assumed that in 2031 there will be $140.80 minimum price and $193.66 maximum price value.
On the average, the trading price will be around $167.23 as the bullish state continues, all things being equal.
IRBT Stock Price Prediction 2032
The year 2032 is expected to see the maximum of IRBT Stock price at $199.24 and a minimum of 147.50. The expected average trading price is around $173.37.
IRBT Stock Price Prediction 2033
Stock market analysts predict the maximum trading price of IRBT Stock as $206.53 and the minimum price is projected to hit $165.49. All things being equal, the average price is estimated at $186.01. The prediction shows that the maximum 53-weeks IRBT price will hit about $200 in the year 2033.