Raymond James Believes Tandem Diabetes Care (NASDAQ: TNDM) Won’t Stop Here

By Ryan Adsit

In a report released today, Jayson Bedford from Raymond James maintained a Buy rating on Tandem Diabetes Care (TNDMResearch Report), with a price target of $116.00. The company’s shares closed last Friday at $107.40, close to its 52-week high of $108.62.

According to TipRanks.com, Bedford is a 5-star analyst with an average return of 16.1% and a 70.7% success rate. Bedford covers the Healthcare sector, focusing on stocks such as Merit Medical Systems, Edwards Lifesciences, and Johnson & Johnson.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tandem Diabetes Care with a $116.62 average price target, representing a 7.7% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $120.00 price target.

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The company has a one-year high of $108.62 and a one-year low of $43.69. Currently, Tandem Diabetes Care has an average volume of 1.2M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is neutral on the stock.

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Tandem Diabetes Care, Inc. engages in the design, development, and commercialization of products for people with insulin-dependent diabetes. Its flagship product, t:slim X2 Insulin Delivery System, operates as a small insulin pump. The company was founded by Paul M. DiPerna on January 27, 2006 and is headquartered in San Diego, CA.