{
  "id": 5317746,
  "title": "MiniMed (MMED) Soars on Revenue Growth, Price Target Hike; Hedge Fund Conviction Weakens",
  "url": "https://urgent.news/2026/09/02/minimed-mmed-soars-on-revenue-growth-price-target-hike-hedge-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T03:33:24.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/minimed-mmed-soars-revenue-growth-033324812.html"
  },
  "original_language": "en",
  "account": "MiniMed Group (MMED) experienced a 10.66% increase in its share price on Tuesday, reaching $22.42 per share, following a strong performance in the first quarter of fiscal year 2027. The company reported a 16.6% revenue growth, reaching $843 million after $723 million in the same period last year, driven by robust sales from the US and international markets. Although MiniMed Group has yet to generate profits, it managed to eliminate a $19 million net loss from the same period in the previous fiscal year. Investment firm BTIG upgraded its price target for MMED to $28 from $25, maintaining a buy recommendation based on the company's beating of consensus estimates. StoneX Group also maintained its buy call and raised its price target to $20, highlighting optimism about a strong quarter due to pent-up demand and the Flex pump. The company revised its organic revenue growth for full fiscal year 2027 to 10.5% from 10%, including benefits from an extra week in Q1. Despite the positive results, hedge fund sentiment towards MMED was mixed, with a 18% decrease in combined holdings to $237.55 million. While the potential of MMED as an investment is acknowledged, some believe other AI stocks offer greater upside potential and carry less risk.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}