DexCom Shareholder Rights Investigation May Seek Governance Reforms
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago
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Source: PRnewswire
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers of DexCom breached their fiduciary duties, which could impact the company's governance structure and shareholder rights.
- Legal Relief Options: Long-term DexCom shareholders may seek corporate governance reforms, fund returns, or court-approved financial awards, thereby improving the company's transparency and accountability.
- Importance of Participation: Shareholder involvement can drive improvements in company policies and oversight mechanisms, enhancing management efficiency and shareholder value, highlighting the significance of governance structures.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal expenses, thus encouraging broader participation in the rights enforcement process.
DXCM.O$0.0000%Past 6 months

No Data
Analyst Views on DXCM
Wall Street analysts forecast DXCM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DXCM is 85.75 USD with a low forecast of 63.00 USD and a high forecast of 112.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast DXCM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DXCM is 85.75 USD with a low forecast of 63.00 USD and a high forecast of 112.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 65.250

Current: 65.250

Morgan Stanley
Patrick Wood
Equal Weight
to
Overweight
upgrade
$75
Reason
Morgan Stanley
Patrick Wood
Equal Weight
to
Overweight
Reason
Morgan Stanley analyst Patrick Wood upgraded DexCom to Overweight from Equal Weight with a $75 price target.
Morgan Stanley
Morgan Stanley
Equal Weight -> Overweight
upgrade
$63 -> $75
Reason
Morgan Stanley
Morgan Stanley
Equal Weight -> Overweight
Reason
As previously reported, Morgan Stanley upgraded DexCom to Overweight from Equal Weight with a price target of $75, up from $63, citing signs that the company is already turning the corner from a number of operational challenges while valuation remains at trough levels. The firm expects this turn to become apparent in the full results due in January or February, adding that it believes the G7 15-day rollout's impact on margins in the year ahead is "underappreciated" and it expects the stock to re-rate as catalysts play out.
After the Office of Inspector General report on Medicare payments for continuous glucose monitors and supplies came out, BofA noted that the report is just the OIG's recommendation to CMS and is not an update to the CMS proposal regarding competitive bidding from July. With that said, the firm views the OIG report positively for DexCom as it shows Class 2 supplies are priced fairly to in line with Medicare expectations, adds the analyst, who maintains a Buy rating and $10 price target on the shares.
In Line
initiated
$68
Reason
Evercore ISI initiated coverage of DexCom with an In Line rating and $68 price target. Though DexCom serves the "large and vastly underpenetrated" diabetes market, the firm's In Line rating reflects its belief that product quality and manufacturing issues and competitive threats will continue to disrupt the company's share gain opportunity through 2026, the analyst tells investors.
About DXCM
DexCom, Inc. is a medical device company. The Company is primarily focused on the design, development, and commercialization of continuous glucose monitoring (CGM), systems for the management of diabetes and metabolic health by patients, caregivers, and clinicians. Its products include Dexcom G6, Dexcom G7, Stelo, Dexcom Share, and Dexcom ONE. The Company enables people to take control of health through innovative biosensing technology. Dexcom G6 is its integrated continuous glucose monitoring system (iCGM). Stelo is designed specifically for people with type II diabetes who do not use insulin as the first over-the-counter glucose biosensor in the United States. The Dexcom Share remote monitoring system, offered for use with any Dexcom system, uses an app on the patient’s compatible mobile device. Its Dexcom G7 is for adults and children (2+ years) living with type I or type II diabetes who are on any insulin or medications, at risk of hypoglycemia, and those with gestational diabetes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.