Benchmark Has Buy on iRobot

Benchmark Capital is out with a research report on iRobot Corporation (NASDAQ: IRBT) and it has a Buy rating and a $40 price target on shares.

In a note to clients, Benchmark Capital writes, "We continue to believe iRobot has upside in 2H from improving visibility in Government and conservative Home robot guidance. We expect additional military orders in the coming weeks to provide a catalyst for the stock and drive growth in FY12."

Shares of IRBT are down 10 cents to $25.81.