JP Morgan Maintains Neutral on DexCom, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Robbie Marcus maintains a Neutral rating on DexCom (NASDAQ:DXCM) but raises the price target from $75 to $85.
October 25, 2024 | 3:21 pm
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JP Morgan has maintained a Neutral rating on DexCom but increased the price target from $75 to $85, indicating a positive outlook despite the neutral stance.
The increase in the price target from $75 to $85 suggests that JP Morgan sees potential upside in DexCom's stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong enough reason to recommend buying the stock at this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100