Piper Sandler Initiates Coverage on MiniMed Group (NASDAQ:MMED)

Equities research analysts at Piper Sandler assumed coverage on shares of MiniMed Group (NASDAQ:MMED) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating and a $16.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 10.50% from the company’s current price.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded MiniMed Group to a “hold” rating in a research report on Saturday, March 14th. Bank of America initiated coverage on shares of MiniMed Group in a research note on Tuesday. They issued a “buy” rating and a $27.00 price target on the stock. Finally, BTIG Research began coverage on shares of MiniMed Group in a report on Tuesday. They issued a “buy” rating and a $25.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.45.

MiniMed Group Price Performance

NASDAQ MMED opened at $14.48 on Tuesday. MiniMed Group has a twelve month low of $14.10 and a twelve month high of $20.48.

Key Headlines Impacting MiniMed Group

Here are the key news stories impacting MiniMed Group this week:

• Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $27 price target, highlighting pipeline-driven growth after the Medtronic separation. Article Title
• Positive Sentiment: Barclays started covering MMED with an Overweight rating and a $26 target, signaling strong upside expectations. Article Title
• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $26 price target, aligning with other firms on material upside potential. Article Title
• Positive Sentiment: Goldman Sachs initiated a Buy rating with a $24 target, another high-profile bank backing the story. Article Title
• Positive Sentiment: BTIG, Citigroup and Mizuho all opened coverage with Buy/Outperform calls and targets in the low-to-mid $20s, adding to the consensus of meaningful upside from current levels. Article Title
• Positive Sentiment: Evercore, Deutsche Bank and Morgan Stanley also initiated coverage with Outperform/Buy or Overweight views and targets between $19–$21, broadening institutional coverage. Article Title
• Neutral Sentiment: Piper Sandler set a Neutral/16 price target and, separately noted by TipRanks, issued a Hold—this is a more cautious view relative to the slate of Buy calls. Article Title
• Negative Sentiment: Despite the bullish analyst initiation wave, the stock is trading down today — suggesting short-term selling, profit-taking, or market-wide weakness is offsetting the new coverage (no single negative company-specific event reported).

MiniMed Group Company Profile

We are a scaled global medical technology company that develops, manufactures, and markets a comprehensive suite of solutions for the management of diabetes. Since our founding more than 40 years ago, we have pioneered groundbreaking innovation and served the needs of our customers across the globe in service of our mission to make every day a better day for people with diabetes. Today, we are the only player in the market that commercializes all parts of an integrated diabetes management system.