Professional
Added to YB: 2024-04-26
Pitch date: 2024-03-31
IRTC [bullish]
iRhythm Holdings, Inc.
+37.3%
current return
Author Info
No bio for this author
Company Info
iRhythm Holdings, Inc., a digital healthcare company, engages in the design, development, and commercialization of device-based technology that provides ambulatory cardiac monitoring services to diagnose arrhythmias in the United States.
Market Cap
$4.6B
Pitch Price
$115.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-160.44
P/E
-89.04
EV/Sales
6.85
Sector
Health Care Equipment and Supplies
Category
growth
Baron Health Care Fund New Position: iRhythm Technologies, Inc.
IRTC: Leader in cardiac monitoring patches, superior to Holter monitors. Moat in hardware + AI, automating data analysis. Targeting 15%+ EBITDA margins by 2027 on volume leverage as market triples to 15M patients. Growth via next-gen patch, real-time monitoring, international markets & expansion into sleep apnea, hypertension.
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