Jefferies Raises Price Target on DexCom (DXCM) 40% After Q4 Results

February 24, 2012 12:08 PM EST Send to a Friend
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Price: $43.31 -1.75%

Rating Summary:
    10 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Jefferies boosted its price target DexCom (NASDAQ: DXCM) from $10 to $14 and reiterated its Buy rating following Q4 results.

The firm comments, "DXCM preannounced 4Q results of $22.4mn, reflecting a strong seasonal uptick in sensor utilization. 2012 is shaping up to be a year of investment as the company sets the stage for the Gen4 sensor launch."

FY12 EPS was trimmed from ($0.57) to ($0.72).

For an analyst ratings summary and ratings history on DexCom click here. For more ratings news on DexCom click here.

Shares of DexCom closed at $11.19 yesterday.


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