4d agoThe FlyBEARISH 34Analyst
Archived explainer. For the current picture see today's IRTC page.
Why Is IRHYTHM HLDGS INC (IRTC) Stock Down Today?
By the Top Tier Newswire AI Desk · November 9, 2026 at 7:09 AM ET · reviewed against 3 wire stories
IRHYTHM HLDGS INC (IRTC) is down -30.70% in the latest session. Our newswire has captured 3 stories on IRTC across 3 sources in the last 36 hours, with AI sentiment reading bearish (avg 41/100).
Public view, delayed 4h. Every headline, price and sentiment read below — and this write-up itself — reaches Pro subscribers live. Public readers see it once it clears the delay.
iRhythm Holdings (IRTC) shares fell 30.70% to close at $90.22. The sharp decline followed a downgrade by Citigroup and a significant reduction in the price target by Freedom Capital.
What Happened
Citigroup downgraded iRhythm to Neutral and lowered its price target to $124, despite the company reporting 14.9% revenue growth. Freedom Capital also cut its price target to $159 from $190. The company reaffirmed its fiscal 2026 revenue guidance of $890 million to $895 million on November 6. This guidance update came after a Q3 earnings miss that triggered an investor investigation.
What The Data Shows
The stock has lost 27.2% over the last eight sessions, falling from $123.99 to $90.22. The current price sits near the bottom of its 52-week range, which spans $86.30 to $192.47. iRhythm has a market capitalization of $3.0 billion and remains unprofitable with a trailing twelve-month EPS of -1.18. Revenue grew 21.6% over the same period, but the net margin is -4.5%. The stock carries a beta of 1.47.
Insider activity shows six sells totaling $6.8 million in the last 90 days, with no buys. The most recent sale was filed on September 3, 2026. Specific recent transactions include a sale by CFO Wilson Daniel G. on September 2, 2026, and sales by President and CEO Quentin S. Blackford and EVP Sumi Shrishrimal on August 10, 2026.
What To Watch
Analysts remain divided on the stock's outlook. JP Morgan maintains an Overweight rating, while Canaccord Genuity holds a Buy rating with a price target of $206. BTIG, Needham, and Truist Securities have also recently adjusted their price targets. Investors will monitor how the market digests the reaffirmed fiscal 2026 revenue guidance against the backdrop of recent analyst downgrades.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
IRTC by the numbers
Last: $90.22Session: -30.70%7 sessions: -30.57%Coverage: 3 stories / 3 sourcesAI sentiment: 41/100 (bearish)Mkt cap: $3.0B52w: $86.30 to $192.47
The headlines behind the move
4d agoGuruFocusBULLISH 56Earnings
iRhythm Reaffirms Fiscal 2026 Revenue Guidance of $890 Million to $895 Million on Nov. 6
iRhythm Holdings Inc (IRTC) reaffirmed its fiscal 2026 revenue guidance on Friday, Nov. 6, keeping the range at $890 million to $895 million. The company had ra
5d agoYahoo FinanceBEARISH 34Analyst
Here’s Why Citi Downgraded iRhythm (IRTC) Despite 14.9% Revenue Growth
We just published a list of the 10 High-Profile Stocks Just Dumped by Top Analysts and iRhythm Holdings (NASDAQ:IRTC) ranked 10th on this list. Wall Street had one of its roughest sessions of the year this week. The Nasdaq Composite fell 5.52% on November 5, its deepest one-day drop in 19 months, Reuters reported that […]
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More on IRTC: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier IRTC move explainers: 2026-11-12 · 2026-11-09 · 2026-08-18