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Tactile Systems Technology Analysts Increase Their Forecasts After Better-Than-Expected Q3 Earnings
Benzinga· 2025-11-04 18:00
Core Insights - Tactile Systems Technology Inc reported strong third-quarter earnings, with earnings per share of 36 cents, surpassing the analyst consensus estimate of 17 cents per share [1] - The company achieved quarterly sales of $85.755 million, exceeding the analyst consensus estimate of $79.306 million [1] - Tactile Systems raised its FY2025 sales guidance from a range of $310 million to $315 million to a new range of $317 million to $321 million [1] Company Performance - CEO Sheri Dodd highlighted the strong third-quarter results as a reflection of ongoing business transformation and product innovation initiatives [2] - The company's go-to-market strategies and differentiated products are contributing to market leadership and revenue growth [2] - Tactile Systems is beginning to see operational leverage and is well-positioned to capitalize on improving market conditions [2] Stock Market Reaction - Following the earnings announcement, Tactile Systems shares surged by 38.1%, reaching a trading price of $21.78 [2] Analyst Ratings - Piper Sandler analyst Adam Maeder maintained a Neutral rating on Tactile Systems and raised the price target from $14 to $20 [5] - Lake Street analyst Ben Haynor kept a Buy rating and increased the price target from $23.5 to $32 [5]