Piper Sandler analyst Adam Maeder reiterated a Buy rating on Tactile Systems Technology (TCMD – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $20.44.
According to TipRanks, Maeder is a 5-star analyst with an average return of 18.3% and a 56.00% success rate. Maeder covers the Healthcare sector, focusing on stocks such as Shockwave Medical, Inspire Medical Systems, and Axonics Modulation Technologies.
Currently, the analyst consensus on Tactile Systems Technology is a Strong Buy with an average price target of $27.67, which is a 35.37% upside from current levels. In a report released today, BTIG also maintained a Buy rating on the stock with a $29.00 price target.
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Based on Tactile Systems Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $58.85 million and a GAAP net loss of $1.89 million. In comparison, last year the company earned a revenue of $47.98 million and had a GAAP net loss of $15.57 million
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Tactile Systems Technology, Inc. is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures. It possesses a platform to deliver at-home healthcare solutions throughout the United States. Tactile Systems Technology was founded on January 30, 1995 and is headquartered in Minneapolis, MN.
Read More on TCMD:
- Tactile Systems Technology, Inc. Reports Second Quarter 2023 Financial Results; Updates Full Year 2023 Outlook
- TCMD Earnings this Week: How Will it Perform?
- Tactile Medical Appoints Sherri Ferstler as Senior Vice President of Sales
- Tactile Systems appoints Sherri Ferstler as SVP, sales
- Tactile Medical to Release Second Quarter of Fiscal Year 2023 Financial Results on August 7, 2023
