The Downtrend In iRobot Is Not Over

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ValueWalk

iRobot Moves Up On Fed “Soft Landing” OutlookShares of iRobot (NASDAQ:IRBT) have been in a steady downtrend for the last several quarters due to the mounting issues of supply chain hurdles and inflationary pressures. The biggest risk for the company and the global economy was the Fed and the Fed gave the market what it wanted, and an outlook for soft-landing. In that scenario, iRobot should be able to start regaining traction with microchips, components, shipping delays, and inflation but there is a risk. With inflation still on the rise and new data expected out shortly we see the Fed increas…

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