Truist analyst Richard Newitter initiated coverage of Insulet (PODD) with a Buy rating and $365 price target Truist expects Insulet’s Omnipod 5 will remain the only true tubeless and fully disposable patch pump for the forseeable future, which should allow Insulet to maintain a market leadership patch pump position within the growing Type 1 and Type 2 diabetes markets even if/when competitor patch designs begin coming to market over the next few years, the analyst tells investors in a research note. The firm sees multiple durable drivers to support a high teens+ revenue growth trajectory through 2028.
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