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  "documentTitle": "iRhythm Technologies, Inc. (IRTC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-08-18 00:00:00",
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  "notes": "The slide highlights a disconnect between the stock's recent price performance and the underlying analyst consensus.",
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      "kind": "callout",
      "text": "Since 2/1/25, iRhythm has increased its 2025E revenue guidance by 6.6%, yet its stock price has climbed 43%.",
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      "text": "Historical NTM EV / Revenue Multiple",
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      "text": "NTM EV / Revenue Multiple: 6.93x",
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      "text": "iRhythm has seen a dramatic expansion back to a two-year-high revenue multiple despite a lack of resolution of its regulatory troubles and a deteriorating growth outlook. Even Wall Street analysts are having trouble seeing much upside in iRhythm shares, as the current consensus price target is just 11% above the current price despite near unanimous \"Buy\" recommendations.",
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      "text": "Source: S&P Capital IQ, Bloomberg",
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      "text": "Wall Street Recommendations and Price Targets For iRhythm",
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      "text": "iRhythm Is Trading At Near Its Two-Year-High Revenue Multiple, And Analysts See Little Upside",
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