Insulet Surges 5% After Jefferies Upgrade
<p>Jefferies analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/PODD'>Insulet (NASDAQ:PODD)</a> shares from Hold to Buy, with a revised price target of $240 per share, down from the previous target of $260. As a result, shares gained more than 5% intra-day today.</p>
<p>The analysts mentioned that the upgrade is an opportunistic move due to the underperformance of PODD linked to concerns regarding GLP-1. They noted that while the previous rating had been Hold primarily due to valuation, they have always been positive about Insulet's product offerings, particularly its disposable patch pump, which enjoys a competitive edge due to its discreet and user-friendly design.</p>
<p>The analysts highlighted the benefits of disposability, allowing diabetes patients to try PODD at no initial cost, making it a "pay as you go" option. They also pointed out that the advantages of the disposable patch pump appear to be durable, given Insulet's significant first-mover advantage in this segment of the market.</p>

NASDAQ:PODD