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Analysts at Stifel Nicolaus initiated coverage on shares of Neutral Tandem (NASDAQ:TNDM) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.02% from the company’s current price.

The analysts wrote, “We are initiating coverage with a Buy rating on the shares and a $30 target price. Tandem appears poised for dramatic growth with what we view as a compelling differentiated platform technology, and a highly visible pipeline in the large, growing, and arguably under-penetrated insulin pump market. While these are early days — Tandem is aggressively expanding its still small sales force — the company’s first commercial product, t:slim, is experiencing solid early uptake. Also, the company’s impressive, deep product pipeline — designed on a single common ‘chassis’ — should allow Tandem to launch a new product every one to two years, each addressing shortcomings of competitor pumps. We expect all this to drive well above-average growth for the foreseeable future.”

A number of other analysts have also recently weighed in on TNDM. Analysts at Deutsche Bank initiated coverage on shares of Neutral Tandem in a research note to investors on Monday. They set a “hold” rating and a $26.00 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Neutral Tandem in a research note to investors on Monday. They set an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.67.

Neutral Tandem (NASDAQ:TNDM) traded down 1.65% on Monday, hitting $24.38. 38,148 shares of the company’s stock traded hands. Neutral Tandem has a 52 week low of $18.61 and a 52 week high of $25.94. The stock has a 50-day moving average of $21.76 and a 200-day moving average of $21.76. The company’s market cap is $5.6 million.

Neutral Tandem, Inc provides tandem interconnection services principally to competitive carriers, including wireless, wireline, cable and broadband telephony companies.

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