Barclays analyst Matt Miksic maintains $Tandem Diabetes Care (TNDM.US)$ with a buy rating, and adjusts the target price from $58 to $60.
According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 7.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tandem Diabetes Care (TNDM.US)$'s main analysts recently are as follows:
Tandem Diabetes has reported another strong growth quarter, prompting an increase in its full-year growth guidance to 17%-18%. This performance is primarily attributed to the ongoing success of the Mobi launch.
In spite of delivering yet another quarter of surpassing expectations and elevating future guidance, the third in a series, shares experienced a downturn. The cause of this market reaction is attributed to the persistent uncertainty regarding the strength of future growth drivers. The perception is that the company has made a decisive positive shift, with the anticipation that foundational aspects will progressively enhance. Nevertheless, a cautious stance is being maintained pending greater assurance in the enduring factors that will propel sales growth.
Analysts noted that Tandem Diabetes' Q3 revenue surpassed expectations, although partial contributions came from timing benefits related to U.S. supplies and international distributor orders. They observed that Q3 pump shipments in the U.S. aligned closely with their projections.
Note:
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