Analyst Sam Eiber from BTIG maintained a Buy rating on InMode (INMD – Research Report) and keeping the price target at $25.00.
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Sam Eiber has given his Buy rating due to a combination of factors that highlight InMode’s potential for future growth despite current challenges. Although the company’s preliminary Q1 revenue fell short of consensus expectations, it still exceeded BTIG’s estimates, indicating some resilience in their financial performance.
Furthermore, Sam Eiber acknowledges that while the current economic environment presents challenges such as elevated interest rates and potential recession risks, InMode’s stock price already reflects much of this negative sentiment. The company is recognized for its high-quality offerings and strong R&D pipeline, which positions it well for growth once market conditions stabilize. This confidence in InMode’s long-term prospects underpins the Buy rating, suggesting that the company is likely to overcome near-term hurdles and capitalize on future opportunities.