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TD Cowen reiterates DexCom stock Buy rating on margin expansion outlook
TD Cowen has reiterated a Buy rating on DexCom (NASDAQ:DXCM) stock, setting an $84.00 price target, aligning with InvestingPro’s Fair Value. The firm raised its estimates for 2026-2028, anticipating significant margin expansion, despite recent concerns about a slowdown in the U.S. continuous glucose monitoring market. DexCom recently surpassed Q4 2025 earnings and revenue expectations, and other analysts like Evercore ISI and Stifel also maintain optimistic ratings.