Tactile Systems price target raised to $100 from $95 at Guggenheim. Guggenheim analyst Chris Pasquale raised his price target for Tactile Systems Technology to $100 from $95 saying the company reported “strong” Q1 results. Even absent the revenue recognition change, sales would have still beaten by $1.6M and top line growth would have still topped 30% for the fourth time in the past five quarters, Pasquale tells investors in a research note. The analyst sees the quarter as further evidence that Tactile Systems is “still in the early stages of addressing a large market opportunity.” He believes this is not fully reflected in the stock at current levels and reiterates a Buy rating on Tactile Systems.
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