Amazon.com, Inc. (AMZN) Friday announced plans to acquire iRobot Corporation (IRBT) in an all-cash deal valued at $1.7 billion.
Analyst Joseph Feldman maintained an Outperform rating and a price target of $150 for Amazon. iRobot’s business “slowed significantly” in the latest quarter, with sales contracting by 30.2% and the company reporting a loss of $38 million, versus EBITDA of $17 million a year ago, Feldman said in a note.
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