Tandem Diabetes stock price target raised to $28 by TD Cowen
TD Cowen increased its price target for Tandem Diabetes Care (NASDAQ:TNDM) to $28 from $25, maintaining a Buy rating. This adjustment follows the company's new pay-as-you-go program and the anticipated launch of the Mobi Tubeless product, which analysts believe will drive significant revenue growth despite initial distribution model transition headwinds. The firm projects strong gross margins and EBITDA at scale after the two-to-three year transition period.
https://www.investing.com/news/analyst-ratings/tandem-diabetes-stock-price-target-raised-to-28-by-td-cowen-93CH-4623737