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Launch
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Launchpool
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Launchpad
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Lending Center
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VIP Wealth Hub
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New
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GUSD Minting
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Key facts: DexCom reports $2.8B profit; Wells Fargo cuts price target
DexCom, Inc. reported a gross profit of $2.8 billion for 2024, a 15% increase from the previous year, despite a dip in gross profit margin due to supply chain issues. As a result, Wells Fargo and Canaccord Genuity have both lowered their price targets for DXCM. DexCom is also expanding its product line with Smart Basal and anticipates increased insurance coverage for type 2 diabetes, which could broaden its market.