Baird Upgrades Insulet to Outperform, Raises Price Target to $238
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Jeff Johnson upgraded Insulet (NASDAQ:PODD) from Neutral to Outperform and increased the price target from $180 to $238, indicating a positive outlook on the company's stock.
December 21, 2023 | 10:15 am
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Insulet's stock rating was upgraded by Baird from Neutral to Outperform, with a significant raise in price target from $180 to $238, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect an expectation of improved performance or valuation. The substantial increase in the price target further emphasizes the analyst's confidence in the company's potential for growth and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100