5 Best Medical Device Stocks to Invest In Right Now

3. DexCom, Inc. (NASDAQ:DXCM)

DexCom, Inc. (NASDAQ:DXCM) is one of the best medical device stocks to invest in right now. BTIG cut the price target on DexCom, Inc. (NASDAQ:DXCM) to $80 from $85 on April 13 and reaffirmed a Buy rating on the shares. The rating update came as part of a broader research note on Medical Technology, with the firm updating its models to take into account CMS having announced its proposed rule for the FY27 inpatient prospective payment system. The firm told investors in a research note that this includes, among other things, preliminary commentary and decisions regarding new technology add-on payments.

DexCom, Inc. (NASDAQ:DXCM) is set to release its fiscal Q1 2026 financial results on Thursday, April 30, after market close. For reference, in its fiscal Q4 and full year 2025 results, the company reiterated its FY26 guidance and expects revenue in the $5.16 – $5.25 billion range with around 11-13% growth, non-GAAP gross profit margin of approximately 63-64%, non-GAAP operating margin of approximately 22-23%, and adjusted EBITDA margin of approximately 30-31%.

DexCom, Inc. (NASDAQ:DXCM) is a medical device company that manufactures continuous glucose monitoring (CGM) systems to allow real-time health management control. It offers various medical devices and products, including Dexcom G6, Dexcom G7, Dexcom Stelo, Dexcom Share, Dexcom Real-Time API, and Dexcom ONE.