Lake Street analyst Brooks O’Neil raised the firm’s price target on Tandem Diabetes to $75 from $60 and keeps a Buy rating on the shares. The firm sees “many reasons for optimism for 2024 and beyond” as it argues that innovation drives growth in diabetes management, growth drives multiple expansion in the stock market, and that “the engines are revving at Tandem and the light is green.” The firm anticipates “both unexpectedly strong growth and multiple expansion for Tandem this year,” the analyst added.
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