Buy Rating Reaffirmed on Tandem Diabetes Care as Fundamentals Strengthen; $28 Price Target Maintained

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2026.05.08 02:35
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Analyst Mathew Blackman of TD Cowen has reaffirmed a Buy rating on Tandem Diabetes Care, maintaining a price target of $28. The decision is based on strengthening fundamentals, including first-quarter revenue exceeding expectations and improved margins. Despite supply constraints, the company shows a positive outlook with a planned regulatory submission for the Mobi tubeless product in 2026. Another report from Rothschild & Co Redburn also supports a Buy rating with a higher price target of $45.