iRobot (IRBT, $61.86) gets "buy" from Bank of America Merrill Lynch

Shares iRobot climbed Friday, after analysts at Bank of America Merrill Lynch initiated coverage on the stock with a buy rating. 

The bank initiated coverage with buy and one-year price target of $70 on the shares of  the robotic vacuum cleaner maker.

In July, iRobot expressed concerns that the ongoing China-U.S. trade tensions would pose headwinds to its full-year earnings.For the full year 2019,  iRobot expects revenue in the range of $1.2 billion to $1.25 billion, operating income of between $75 million and $100 million, and earnings per share of between $2.40 and $3.15.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.