Citi raised the firm’s price target on Tandem Diabetes to $31 from $25 and keeps a Neutral rating on the shares. The analyst updated the company’s model to reflect reflect slightly elevated interest expense as well as the $30M share repurchase. The firm cites the “constructive MedTech tape” and recent management commentary for the higher price target.
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- Tandem Diabetes sees FY24 non-GAAP revenue roughly $850M, consensus $842.49M
- Tandem Diabetes reports Q4 adjusted EPS (46c), consensus (25c)