Why DexCom Stock Rallied on Monday
Shares of (NASDAQ: DXCM) surged higher on Monday, gaining as much as 5.3%. As of 3:04 p.m. ET, the stock was still up 3.6%.
The catalyst that sent the medical device maker higher was bullish commentary by one Wall Street analyst.
Leerink analysts initiated coverage of DexCom with an outperform rating, while simultaneously assigning a $110 price target, according to The Fly. This would represent potential gains of 44% compared to the stock's closing price on Friday.
Source Fool.com
Dexcom Inc. Stock
€102.56
-0.230%
Dexcom Inc. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
With a target price of 135 € there is a positive potential of 31.63% for Dexcom Inc. compared to the current price of 102.56 €.
