Why DexCom Stock Is Rising During Monday's Session
Portfolio Pulse from Henry Khederian
DexCom, Inc. (NASDAQ:DXCM) shares are trading higher by 3.75% after Leerink Partners initiated coverage on the stock with an Outperform rating and a $110 price target. However, the stock has been under pressure due to the FDA's announcement of the establishment of a Digital Health Advisory Committee and the popularity of weight loss drugs. The new FDA committee could create uncertainty for companies in the digital health sector due to potential new regulations.
October 16, 2023 | 6:36 pm
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DexCom's stock is trading higher after a positive rating from Leerink Partners. However, the establishment of the FDA's Digital Health Advisory Committee could create regulatory uncertainty, potentially impacting DexCom's products and market access.
While the positive rating from Leerink Partners has boosted DexCom's stock, the establishment of the FDA's Digital Health Advisory Committee could create regulatory uncertainty. This could potentially impact DexCom's products and market access, leading to a possible decline in stock value.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100