PODD

Insulet Corporation
HealthcareMedical DevicesNASDAQ
$144.94
-$11.04 (-7.62%)today
Conviction
4/ 10
Fair Value$347.09
Upside+139.47%
Signal55.79
Market Cap$14.5B
52W Range$198.10–$354.88
Next EarningsMay 6

Conviction History

Conviction Changes

Mar 19, 2026, 1:06 AM54conviction-rescore
Mar 16, 2026, 4:49 PM65daily-review
Mar 15, 2026, 6:04 PM76daily-review
Mar 13, 2026, 9:02 AM87news-research
Mar 5, 2026, 5:06 AM78sec-read
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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$153.79
Current Price$227.10
Upside / Down-32.3%
P(Undervalued)2.2%
P(20%+ Up)0.0%
P(15%+ Down)88.3%

Fair Value Distribution — percentile bands

2.2% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

23.0%/yr

±5.3% · revenue growth to justify current price

FCF-Based Reverse DCF

30.3%/yr

±3.8% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

EVOLUTION 2 closed-loop type 2 data presenting at ATTD this week — first clinical proof of fully automated insulin delivery for T2D. Omnipod 5 growing 25%+ with international expansion runway (EU, Japan). RSI 39 near oversold with 30% upside to $310 target. Two catalyst events in the next 60 days.

Bear Case

Stock crashed 22% post-GLP-1 fear and hasn't recovered. If EVOLUTION 2 data disappoints, the T2D expansion thesis takes a major hit. Insulin pump market is competitive (Medtronic 780G, Tandem Mobi) and pricing pressure is real. Manufacturing scale-up for Omnipod 5 international is execution-dependent.

Thesis Breakers

EVOLUTION 2 clinical failure, Omnipod 5 market share loss below 30%, GLP-1 proven to eliminate insulin pump need

Updated Mar 11

Research Feed

newsMar 16
Conviction: unchanged
PODD EVOLUTION 2 trial: 68% time-in-range for fully closed-loop Omnipod T2D system at ATTD 2026

Insulet presented EVOLUTION 2 trial results showing 68% TIR for fully closed-loop automated insulin delivery in Type 2 adults at ATTD conference. Positive clinical validation of T2D market expansion t...

newsMar 13
Conviction: unchanged
Insulet voluntary Omnipod 5 device correction — 18 SAEs, M cost, guidance maintained

Insulet issued a voluntary correction for specific Omnipod 5 pod lots due to a small internal tubing tear causing insulin delivery failures. 18 serious adverse events including hospitalizations and DK...

newsMar 11
Conviction: unchanged
PODD presenting EVOLUTION 2 closed-loop T2D results at ATTD 2026 (Mar 11-14)

Insulet presenting clinical results for Omnipod fully closed-loop (FCL) system in type 2 diabetes at ATTD 2026 in Barcelona today. This is new clinical data for their T2D FCL expansion — a major thesi...

sec_10kMar 5
Conviction: unchanged
PODD FY2025 10-K Deep Read: 30.7% Growth, Margin Expansion, Balance Sheet Strengthening

FY2025 10-K confirms strong execution. Revenue +30.7% to $2.71B (const curr +29.5%). Gross margin 71.6% (+180bps). Adj EBITDA $645.5M (+41%). FCF $377.7M. Deleveraged 40% (debt $949M from $1.38B). Net...

sec_10kMar 3
Conviction: unchanged
Insulet FY2025 10-K: Margin Expansion, Disciplined Deleveraging, International Omnipod 5 Ramp

Insulet delivered 30.7% revenue growth (.7B) with 180 bps gross margin expansion (71.6%) driven by manufacturing efficiency, ASP/mix, and volume leverage. Net debt down 40% (.4B→M) via .5M convertible...