BofA raised the firm’s price target on DexCom (DXCM) to $90 from $80 and keeps a Buy rating on the shares post the Q3 report. DexCom did a good job instilling confidence in its 2025 revenue target which only has a modest Stelo contribution, the analyst tells investors in a research note. The firm sees earnings estimates likely moving higher as the company’s revenue growth gets back to double digits.
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