In a report released today, Kyle Bauser from B.Riley Financial downgraded Tactile Systems Technology (TCMD – Research Report) to a Hold, with a price target of $18.00.
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Kyle Bauser has given his Hold rating due to a combination of factors impacting Tactile Systems Technology’s outlook. The company’s reported fourth-quarter revenues were in line with consensus estimates, but the guidance for 2025 AEBITDA was significantly below expectations, indicating a slowdown in earnings growth. This is a sharp contrast to the strong growth observed in the past two years, and it raises concerns about future performance.
Additionally, ongoing legal challenges and potential market share losses in the airway clearance segment further contribute to the cautious outlook. The price target has been adjusted downwards from $23 to $18, reflecting these concerns and aligning with the average valuation of its peer group. Bauser’s Hold rating suggests a wait-and-see approach as the company navigates these challenges, despite its efforts to expand product offerings and streamline operations.