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DexCom (DXCM) Stock Forecast & Price Target

DexCom logo
$70.48
-1.32 (-1.84%)
(As of 10/31/2024 ET)

DexCom - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
6
Buy
12

Based on 18 Wall Street analysts who have issued ratings for DexCom in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 6 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for DXCM.

Consensus Price Target

$104.59
48.39% Upside
According to the 18 analysts' twelve-month price targets for DexCom, the average price target is $104.59. The highest price target for DXCM is $161.00, while the lowest price target for DXCM is $75.00. The average price target represents a forecasted upside of 48.39% from the current price of $70.48.
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DXCM Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$104.59$112.25$111.50$130.93
Forecasted Upside48.39% Upside70.08% Upside54.22% Upside39.10% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

DXCM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DXCM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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DexCom Stock vs. The Competition

TypeDexComMedical CompaniesS&P 500
Consensus Rating Score
2.72
2.79
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside45.67% Upside15,724.58% Upside9.23% Upside
News Sentiment Rating
Neutral News

See Recent DXCM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/25/2024Sanford C. Bernstein
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$82.00 ➝ $86.00+16.55%
10/25/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$120.00 ➝ $115.00+53.54%
10/25/2024Raymond James
4 of 5 stars
 Lower TargetStrong-Buy ➝ Strong-Buy$115.00 ➝ $99.00+32.18%
10/25/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$115.00 ➝ $105.00+39.55%
10/25/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$75.00 ➝ $85.00+15.66%
10/25/2024Leerink Partners
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 Lower TargetOutperform ➝ Outperform$90.00 ➝ $87.00+19.10%
10/25/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $90.00+20.24%
8/26/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$90.00 ➝ $90.00+20.74%
8/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$90.00 ➝ $100.00+38.35%
8/5/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$80.00 ➝ $82.00+13.42%
7/29/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$138.00 ➝ $113.00+67.33%
7/26/2024Baird R W
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J. Johnson
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DowngradeStrong-Buy ➝ Hold
7/26/2024BTIG Research
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 Lower TargetBuy ➝ Buy$156.00 ➝ $120.00+88.62%
7/26/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$120.00 ➝ $75.00+19.73%
7/26/2024UBS Group
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 Lower TargetBuy ➝ Buy$163.00 ➝ $95.00+49.42%
7/23/2024Canaccord Genuity Group
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 Reiterated RatingBuy ➝ Buy$145.00 ➝ $145.00+29.87%
5/30/2024Redburn Atlantic
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 Initiated CoverageNeutral$130.00+1.85%
4/3/2024Citigroup
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 Boost TargetBuy ➝ Buy$148.00 ➝ $161.00+15.86%
10/16/2023Leerink Partnrs
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M. Kratky
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Reiterated RatingOutperform
2/10/2023Cowen
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 Boost TargetOutperform$114.00 ➝ $125.00+16.56%
1/26/2023Wolfe Research
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 Initiated CoverageOutperform$121.00+16.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:35 PM ET.


Should I Buy DexCom Stock? DXCM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 23, 2024. Please send any questions or comments about these DexCom pros and cons to contact@marketbeat.com.

DexCom
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in DexCom, Inc.:

  • DexCom's stock is currently trading at a lower price, presenting a potential buying opportunity for investors looking to enter at a favorable price point.
  • The company has a strong market capitalization of $27.66 billion, indicating stability and potential for growth in the future.
  • Institutional investors and hedge funds own a significant portion (97.75%) of DexCom's stock, reflecting confidence from large financial entities in the company's performance.
  • DexCom's continuous glucose monitoring (CGM) systems cater to a growing market of people with diabetes, showcasing a product line with high demand and relevance in the healthcare industry.
  • Despite recent insider selling, the overall sentiment from analysts is positive with an average rating of "Moderate Buy" and an average target price of $110.69, suggesting potential upside for investors.

DexCom
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in DexCom, Inc. for these reasons:

  • Recent insider selling activities by executive vice presidents may raise concerns about the company's future performance or internal outlook.
  • The stock's price-to-earnings ratio of 44.79 and a P/E/G ratio of 2.16 may indicate that the stock is currently overvalued compared to its growth prospects, potentially limiting short-term gains.
  • DexCom's stock has experienced a significant decrease from its 1-year high of $142.00, suggesting potential volatility and uncertainty in the stock's performance.
  • The company's debt-to-equity ratio of 1.00 may pose risks in terms of financial leverage and debt management, impacting long-term financial stability.
  • The stock's 50-day moving average price of $70.25 is below its two-hundred day moving average price of $103.61, indicating a potential bearish trend in the stock's performance.

DXCM Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for DexCom is $104.59, with a high forecast of $161.00 and a low forecast of $75.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DexCom in the last twelve months. There are currently 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DXCM shares.

According to analysts, DexCom's stock has a predicted upside of 48.39% based on their 12-month stock forecasts.

Analysts like DexCom less than other "medical" companies. The consensus rating score for DexCom is 2.72 while the average consensus rating score for "medical" companies is 2.79. Learn more on how DXCM compares to other companies.


This page (NASDAQ:DXCM) was last updated on 10/31/2024 by MarketBeat.com Staff
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