Tandem Diabetes Care (TNDM) Gets a Hold Rating from Merrill Lynch

Merrill Lynch analyst Travis Steed reiterated a Hold rating on Tandem Diabetes Care (TNDM) today and set a price target of $115.00. The company’s shares closed last Thursday at $104.28, close to its 52-week high of $108.62.

According to TipRanks.com, Steed is ranked #548 out of 6832 analysts.

Currently, the analyst consensus on Tandem Diabetes Care is a Moderate Buy with an average price target of $109.09, which is a 6.3% upside from current levels. In a report released today, Leerink Partners also maintained a Hold rating on the stock with a $115.00 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.

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