NASDAQ: TNDM

Tandem Diabetes Care (TNDM) Stock Analysis & Forecast

Oct 12 close

$16.45+0.34 (+2.1%)

Gekko Brief

AI summaryOct 12 close

Tandem Diabetes Care reported Q2 2026 results this week, with worldwide pump shipments up over 10% year-over-year, gross margin improvement, and a 6% increase tied to its pay-as-you-go pharmacy model and the global launch of Control-IQ and Mobi; quarterly revenue came in at $254.56 million with a GAAP net loss of $21.17 million. Alongside this, Tandem issued a Class II recall for its iOS t:slim mobile app version 2.13 after a pairing issue disrupted automated insulin delivery for 177 beta users. Barclays downgraded the stock from Overweight to Hold, cutting its price target from $50 to $18, and has since reiterated that Hold rating with the $18 target.

TNDM closed at $16.45, up 2.1%, sitting between its 50-day average of $19.28 and 200-day average of $19.25. The GekkoIndex reads 63.3, placing the stock in the Accumulation zone, though the reading has slipped 1.8 over five days. Price sits 27.3% below Gekko Fair Value of $22.62.

The next earnings date falls on 5 November 2026, after the close, within the next 20 trading days. Across the last eight quarters, Tandem beat estimates in four, with an average absolute reaction of 18.2% and a -14.1% reaction to the last report. Seasonality from this point in the calendar has averaged -6% over the next 20 trading days across 5 years, rising in 2 of them. Consensus among 15 firms stands at 8 buy and 7 hold ratings, with a consensus target of $27.86.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Tandem Diabetes Care price vs fair value

$22.62$16.45Oct ’25Apr ’26Oct ’26
Close $16.45200-day averageGekko Fair Value $22.62

Tandem Diabetes Care quick facts

Market cap
$1.13B
P/E ratio
—
Forward P/E
117.7
EPS, TTM
−$0.91
Revenue, TTM
$1.04B
Profit margin
-6.1%
Dividend yield
—
Beta
1.66
Volume
1.58M avg 2.33M
1-year return
+11.0%
Typical daily move
±6.1%
Typical 20-day move
±12.6%
50-day average
$19.28
200-day average
$19.25
Next earnings
Nov 5 after close
Shares outstanding
69.58M
52-week range
$12.26$29.65

Tandem Diabetes Care swing-trade checklist

Tandem Diabetes Care scores 2 supportive, 1 mixed and 2 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive1 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $16.45 sits between the 50-day ($19.28) and 200-day ($19.25) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    63.3, Accumulation

    Reading 63.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    27.3% below

    Price is 27.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 24 days

    Reports on Nov 5, 2026, 24 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −6.0% on average

    From this point in the calendar, the next 20 trading days averaged −6% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Tandem Diabetes Care stock chart and price history

Tandem Diabetes Care closed at $16.45 on Oct 12, 2026, +11.0% over the past year, inside a 52-week range of $12.26 to $29.65.

Close50-day average200-day averageVolume
Tandem Diabetes Care share price, past year, with 50-day and 200-day moving averages and volume$15$20$25NovDecJan 2026FebMarAprMayJunJulAugSepOct16.45

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−3.9%
3 months
+5.9%
6 months
−18.2%
1 year
+11.0%
The full TNDM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open TNDM in Gekko

Follow Tandem Diabetes Care through every session

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About Tandem Diabetes Care

Tandem Diabetes Care builds and sells devices for people worldwide who depend on insulin to manage diabetes. Its main product is the t:slim X2 insulin delivery system, a pump platform made up of the pump itself, a 300-unit disposable insulin cartridge, and an infusion set. The system can run added features such as Basal-IQ and Control-IQ technology and G5 Integration, giving users more automated ways to track and adjust their insulin delivery.

Beyond the pump, the company supports users with software tools: the Tandem Device Updater lets patients update their pump remotely, while t:connect gathers data from the pump, continuous glucose monitors, and compatible blood glucose meters into one web-based view for patients, caregivers, and clinicians. It also offers the Sugarmate app for insulin users. Tandem works with Dexcom and Abbott Laboratories on developing and bringing its technology to market.

The company was founded in 2006 under the name Phluid Inc. and took the Tandem Diabetes Care name in January 2008. It is headquartered in San Diego, California, and its shares are listed on the NASDAQ under the ticker TNDM.

Listed
NASDAQ
Sector
Health technology
Industry
Medical specialties
Website
tandemdiabetes.com

Tandem Diabetes Care GekkoIndex: the smart money zone

Tandem Diabetes Care’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.3, in the Accumulation zone, down 1.8 points over five sessions.

010063.3Accumulation

Down 1.8 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying91−0.3%+2.2%+0.2%+12.8%
Accumulation (current zone)230+0.7%+0.1%+2.4%+2.9%
Neutral324−0.2%+0.4%+0.4%+0.7%
Distribution35+2.9%+2.3%+1.9%−5.6%
Selling2Too few readings yet

Average TNDM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the TNDM price, zone by zone.Track TNDM in Gekko

Is Tandem Diabetes Care stock overvalued? Gekko Fair Value

Tandem Diabetes Care trades 27.3% below Gekko Fair Value of $22.62, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Tandem Diabetes Care shares are worth, recalculated every trading day.

$22.62

Gekko Fair Value, Oct 10, 2026

27.3% Undervalued

At the end of Aug 2026 the price was 12.7% below the estimate.

Gekko Fair ValueShare price, month end
$23$16Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open TNDM in Gekko

Tandem Diabetes Care insider and Congress trading

No open-market insider purchases were filed for Tandem Diabetes Care, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for TNDM in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every TNDM insider filing, plotted on the chart in Gekko.Open TNDM in Gekko

Congress trades last 90 days

No trades in TNDM were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for TNDM, plotted on the chart in Gekko.Open TNDM in Gekko

Buybacks

Tandem Diabetes Care has been buying back its own shares.

Bought back, quarter ended Jun 30, 2024
$3.00M
As a share of market cap
0.27%

From company filings.

Tandem Diabetes Care earnings: next date and track record

Tandem Diabetes Care reports on Nov 5, 2026, after the close (24 days away), and beat the EPS estimate in 4 of its last 8 reports.

4 of 8reports beat the EPS estimate
±18.2%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+12.7%Aug ’24+0.6%Nov ’24−34.8%Feb ’25+19.1%Apr ’25−24.0%Aug ’25+10.8%Nov ’25+29.7%Feb ’26−14.1%May ’26

Last earnings call, May 7, 2026 AI summary

What they said
Tandem Diabetes Care reported strong Q1 2026 financial and operational performance. Key initiatives include direct commercial launches in UK, Switzerland, and Austria, and a U.S. multichannel PayGo pharmacy strategy with ~40% formulary coverage. Tandem Mobi expanded to Android smartphones, and Control-IQ+ received FDA clearance for use in pregnant women with type 1 diabetes. The company is investing in sales infrastructure and transitioning business models for improved margins.
Guidance
Management expects continued expansion of direct international operations in 2026 and 2027. PayGo pharmacy transition is progressing, with formulary coverage at 40% as an early leading indicator. Additional new product offerings are on track for Q2 2026 delivery.
ReportedEPSSurpriseRevenueSurpriseMove
May 7, 2026−$0.30
est −$0.41
+27.5%$247.2M
est $240.4M
+2.8%−14.1%
Feb 19, 2026−$0.01
est −$0.05
+80.0%$290.4M
est $277.0M
+4.8%+29.7%
Nov 6, 2025−$0.31
est −$0.31
0.0%$249.3M
est $276.9M
−10.0%+10.8%
Aug 6, 2025−$0.48
est −$0.40
−20.0%$240.7M
est $250.2M
−3.8%−24.0%
Apr 30, 2025−$0.67
est −$0.60
−11.7%$234.4M
est $220.2M
+6.5%+19.1%
Feb 26, 2025−$0.44
est −$0.24
−84.8%$282.6M
est $251.4M
+12.4%−34.8%
Nov 6, 2024−$0.35
est −$0.40
+12.5%$363.3M
est $251.5M
+44.5%+0.6%
Aug 1, 2024−$0.48
est −$0.54
+11.1%$221.9M
est $204.9M
+8.3%+12.7%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Tandem Diabetes Care stock forecast and analyst price targets

Analysts’ average 12-month price target for Tandem Diabetes Care is $27.86, +69.4% from the last close, from 15 firms rating the stock in the last 90 days.

$27.86consensus 12-month target, +69.4% from the last close
Low $16High $50
Buy8
Hold7
Sell0

Each firm’s latest rating in the last 90 days: 15 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 7BarclaysHold, maintained$18+9.4%
Sep 30CitiHold, reiterated$20+21.6%
Sep 28Lake StreetBuy, reiterated$50+204.0%
Sep 24Truist FinancialBuy, reiterated$28+70.2%
Aug 21William BlairBuy, initiated——
+2.4%average 20-day move after past Accumulation readings
−6.0%average move over the next 20 trading days in the last 5 years
±6.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Tandem Diabetes Care seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Tandem Diabetes Care averaged −6.0% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+5.7%2021−23.1%2022−16.5%2023−7.8%2024+16.1%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.7%2 of 5
Next 10 trading days−0.5%3 of 5
Next 15 trading days−1.9%2 of 5
Next 20 trading days−6.0%2 of 5
Next 30 trading days+0.9%2 of 5

For scale, TNDM’s typical 20-trading-day move in either direction is about 12.6%.

Tandem Diabetes Care market cap and key statistics

Tandem Diabetes Care’s market cap is $1.13B and revenue of $1.04B over the last twelve months.

Valuation

Market cap
$1.13B
Forward P/E
117.7
EPS, TTM
−$0.91
Gekko Fair Value
$22.62

Trading

Volume
1.58M
Avg volume, 20 days
2.33M
52-week high
$29.65
52-week low
$12.26
Shares outstanding
69.58M

Financials

Revenue, TTM
$1.04B
Profit margin
-6.1%
Return on equity
-48%
Quarterly earnings growth, YoY
−37.0%

Risk and income

Beta
1.66
Typical daily move
±6.1%
Typical 20-day move
±12.6%

Tandem Diabetes Care stock news this week

Coverage of Tandem Diabetes Care this week reads neutral: 3 positive, 6 neutral and 2 negative headlines.

News sentiment neutral

Tandem Diabetes Care peers

Tandem Diabetes Care’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
TMOThermo Fisher Scientific+0.8%Neutral18.2% above
ABTAbbott Laboratories+1.8%Neutral14.7% below
DHRDanaher+0.2%Neutral4.5% above
ISRGIntuitive Surgical+1.1%Neutral18.8% above
MDTMedtronic+1.3%Neutral22.9% below
SYKStryker+1.9%Accumulation12.6% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Tandem Diabetes Care stock FAQ

What is Tandem Diabetes Care’s market cap?

Tandem Diabetes Care’s market cap is $1.13B at the Oct 12, 2026 close of $16.45, with 69.58M shares outstanding.

What is the Tandem Diabetes Care stock forecast?

The consensus analyst 12-month price target for Tandem Diabetes Care is $27.86, +69.4% from the last close. Of the 15 firms that rated the stock in the last 90 days, 8 rate it a buy, 7 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Tandem Diabetes Care stock overvalued or undervalued?

On Gekko’s estimate Tandem Diabetes Care is undervalued: the Oct 12, 2026 close of $16.45 is 27.3% below Gekko Fair Value of $22.62. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Tandem Diabetes Care report earnings next?

Tandem Diabetes Care is expected to report on Nov 5, 2026, after the market closes (24 days away). Analysts expect earnings of −$0.25 per share on revenue of $265.9M. Tandem Diabetes Care beat the earnings estimate in 4 of its last 8 reports, moving 18.2% on average across the report.

What is Tandem Diabetes Care’s 52-week high and low?

Tandem Diabetes Care’s 52-week high is $29.65 and its 52-week low is $12.26; it closed at $16.45 on Oct 12, 2026, +11.0% over the past year. Over the last five years the shares peaked at $155.86 on Dec 28, 2021.

Is Tandem Diabetes Care stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and fair value), 1 as mixed (trend) and 2 as headwinds (earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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