The Latest Analyst Ratings For DexCom
Portfolio Pulse from Benzinga Insights
Eight analysts have recently updated their ratings on DexCom (NASDAQ:DXCM), with a mix of bullish and bearish sentiments. The average 12-month price target is $126.38, with a high of $150.00 and a low of $100.00, reflecting a slight decrease of 0.6%. Analysts from firms like Raymond James, Piper Sandler, and Wells Fargo have raised their price targets, while JP Morgan and Stifel have lowered theirs. DexCom, a company specializing in continuous glucose monitoring systems, has shown strong revenue growth but faces challenges with profitability and asset utilization. Its market capitalization is above industry average, indicating investor confidence.

January 03, 2024 | 5:00 pm
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NEUTRAL IMPACT
DexCom has received varied analyst ratings with a slight decrease in the average price target. The company's strong revenue growth and high market capitalization may attract investors, but concerns about profitability and asset utilization could temper enthusiasm.
The mixed analyst ratings and slight decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on the stock price. The strong revenue growth is positive, but profitability and asset utilization issues may offset investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100