Stock Track | Tandem Diabetes Care Soars 22.83% Intraday on Strong Q4 Earnings Beat and BofA Upgrade

Stock Track

02/20

Tandem Diabetes Care's stock soared 22.83% during intraday trading on Friday, driven by better-than-expected fourth-quarter financial results and a significant analyst upgrade.

The diabetes technology company reported a Q4 net loss of $0.01 per diluted share, which was much better than the $0.09 per share loss anticipated by analysts. Quarterly sales reached $290.4 million, surpassing the $277 million consensus estimate. The company also provided full-year 2026 sales guidance in the range of approximately $1.07 billion to $1.09 billion.

Adding to the positive sentiment, BofA Securities upgraded Tandem Diabetes Care to Neutral from Underperform and more than doubled its price target to $30 from $15. The upgrade reflects improved confidence in the company's financial performance and outlook.

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