Insulet shares are trading higher after Baird upgraded the stock from Neutral to Outperform and raised its price target from $180 to $238.
Portfolio Pulse from Benzinga Newsdesk
Insulet Corporation's stock (PODD) is trading higher following an upgrade from Baird, changing its rating from Neutral to Outperform. Baird also increased the price target for Insulet from $180 to $238.
December 21, 2023 | 4:05 pm
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POSITIVE IMPACT
Baird upgraded Insulet Corporation's stock from Neutral to Outperform and raised the price target from $180 to $238, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected future performance of the company. The substantial increase in the price target from $180 to $238 by Baird reflects a strong conviction in the company's potential, which is likely to instill investor confidence and could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100