UBS raised the firm’s price target on DexCom to $150 from $142 and keeps a Buy rating on the shares. DexCom delivered a Q1 beat and raise, though management only raised the midpoint of the sales guidance by roughly 1%, which could potentially limit stock upside on Friday, but sets the stage for subsequent beats and raises throughout the year, the analyst tells investors in a research note. The updated guidance leans conservative and UBS views the now higher bar as beatable.
Published first on TheFly
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