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J.P. Morgan Reiterates Overweight Rating, $26 PT on Insulet Corporation on Updated Estimates

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In a report published Friday, J.P. Morgan reiterated its Overweight rating and $26.00 price target on Insulet Corporation (NASDAQ: PODD).

J.P. Morgan noted, “Insulet manufactures the OmniPod insulin pump system, which is a wireless, tubing-free alternative to traditional pump therapy primarily targeting Type I diabetics. We view Insulet as uniquely positioned with a differentiated offering in an under-penetrated market. Awareness of the OmniPod system continues to increase, with revenues projected to grow over 20% through 2015. Insulet recently received approval for the company's next-generation Pod, which is 30% smaller and 25% lighter, which should drive continued sales growth along with margin expansion over the next several years.”

Insulet Corporation closed on Thursday at $21.61.

Latest Ratings for PODD

DateFirmActionFromTo
Apr 2016William BlairUpgradesMarket PerformOutperform
Feb 2016BenchmarkUpgradesHoldBuy
Feb 2016Empire Asset Management COInitiates Coverage onSell

View More Analyst Ratings for PODD
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Posted-In: J.P. MorganAnalyst Color Reiteration Analyst Ratings

 

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