Goldman Sachs initiated coverage of DexCom (DXCM) with a Buy rating and $104 price target as part of a broader research note launching coverage on Diabetes Medical Technology. Diabetes technology is poised to sustain double-digit growth, and DexCom offers potential upside from consumer-related adoption and strong profitability leverage that should evidence through the balance of 2025, the analyst tells investors in a research note. The market also underappreciates the degree of P&L upside in DexCom model as gross margins scale, Goldman Sachs added.
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Read More on DXCM:
- DexCom price target raised to $102 from $82 at Citi
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- Dexcom Stockholders Approve Equity Plan Amendments
- DexCom price target raised to $93 from $90 at Barclays
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