RBC Capital lowered the firm’s price target on DexCom (DXCM) to $115 from $120 but keeps an Outperform rating on the shares. The firm’s Q3 revenue beat was aided by record new patient starts, though its earnings was impacted by lower gross margins, the analyst tells investors in a research note. DexCom momentum is building into year-end, and the firm also has a “clear line of sight” to at least 15% y/y growth in 2025, RBC added.
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