J.P. Morgan analyst Robbie Marcus downgrades $DexCom (DXCM.US)$ to a hold rating, and adjusts the target price from $145 to $85.
According to TipRanks data, the analyst has a success rate of 55.7% and a total average return of 10.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DexCom (DXCM.US)$'s main analysts recently are as follows:
DexCom's recent quarterly report has reinforced investor confidence in its 2025 revenue target, which incorporates a conservative projection from Stelo. It is anticipated that the company's earnings estimates may see an upward revision with the return to double-digit revenue growth.
DexCom's Q3 revenue exceeded expectations due to a record number of new patient starts, while earnings were influenced by reduced gross margins. The company is gaining momentum as the year ends, and there is a clear perspective for achieving at least 15% year-over-year growth in 2025.
DexCom's third-quarter sales surpassed expectations, bolstered by stronger-than-anticipated international performance, despite U.S. sales not meeting the general market predictions. This discrepancy is partially ascribed to the reduced number of new patients observed in the second quarter, coupled with anticipated effects from product mix variations. The company's forecast for sales and margins in 2024, along with its objectives for 2025, remain unchanged.
Note:
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