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DexCom Boosts Outlook; Analysts Bullish on Chipotle, Clean Harbors, and Roivant

  • June 25th, 2023
  • 296 views

DexCom, Inc. (Nasdaq: DXCM) is making significant strides in its financial performance, leading the company to update its year-end 2025 revenue targets. With strong performance in the first two years of the target period, DexCom now expects to achieve revenue ranging from approximately $4.6 billion to $5.1 billion, surpassing its previous target range of $4.0 billion to $4.5 billion.

In addition to its financial goals, DexCom has unveiled plans to introduce a new product to the U.S. market in 2024. This product is specifically designed for individuals who do not use insulin, catering to the needs of approximately 70% of Americans living with diabetes. The innovative product will feature a 15-day sensor and will offer a cash-pay option, ensuring accessibility for a wider range of individuals. Furthermore, the product will provide a new software experience tailored to the unique requirements of those not using insulin.

On Friday, $DXCM closed at $126.75, up $0.23 (0.18%)

Chipotle Mexican Grill, Inc. (NYSE: CMG), a well-known fast-casual restaurant chain specializing in Mexican cuisine, received a positive assessment from Keybanc, maintaining an Overweight rating while raising the price target from $2050 to $2300. 

With Friday's closing price at $2043.68, the adjusted price target implies a potential upside of $256.32 or about 12.54% for $CMG, according to the investment firm's view.

Roivant Sciences Ltd. (Nasdaq: ROIV), a biopharmaceutical company focused on developing innovative therapies, was endorsed by Truist, maintaining a Buy rating and increasing the price target from $19 to $23. 

Considering $ROIV's closing price of $9.80 on Friday, the adjusted price target suggests a potential upside of $13.20 or about 134.69%, based on the financial services firm's perspective.

Clean Harbors, Inc. (NYSE: CLH), a leading provider of environmental, energy, and industrial services, received continued support from Stifel, maintaining a Buy rating and raising the price target from $160 to $180. 

With $CLH closing at $155.42 on Friday, the adjusted price target indicates a potential upside of $24.58 or about 15.81%, according to the investment banking firm' view.

The potential upsides mentioned above reflect the assessments and projections of the brokerage firms, investment firm, or analysts, representing their opinions on the future performance of the stocks. It is important for investors to thoroughly evaluate these factors and conduct their own analysis before making any investment decisions.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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