Stifel analyst Mathew Blackman upgraded Tandem Diabetes to Buy from Hold with a price target of $37, up from $24. The firm sees the second-round of Mobi-specific diligence – and first since its full-launch – painting a “bullish picture” for the stock, noting that its survey suggests that Mobi adoption is potentially occurring more-rapidly and to a greater magnitude-than-expected while also resonating with physicians. Stifel adds that this is not a “Q1 call”, but rather reflects Tandem’s ability to outperform modest new patient growth expectations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TNDM:
- Tandem Diabetes price target raised to $31 from $25 at Citi
- Tandem Diabetes announces private placement of $250M in convertible senior notes
- Tandem Diabetes (NASDAQ:TNDM): Investors Look to Innovation to Drive the Stock Higher
- Tandem Diabetes sees Q1 revenue $175M, consensus $186.09M
- Tandem Diabetes sees FY24 non-GAAP revenue roughly $850M, consensus $842.49M