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Roomba Maker IRobot Soars After Google, Amazon Show Off Robotic Future

wochit technology
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December 17, 2013 AT 9:05 AM
iRobot, the pure-play robotics company that makes the Roomba, seems to be benefiting from recent purchase of Boston Dynamics and Amazon’s drone delivery system unveiling, moves that show how valuable artificial intelligence and autonomous technology may be in coming years. Analysts at JP Morgan upgraded the stock from “underweight” to “neutral” last week, although the firm only has a $20 price target.