InMode price target lowered to $15 from $16 at Jefferies

Jefferies analyst Matthew Taylor lowered the firm’s price target on InMode (INMD) to $15 from $16 and keeps a Hold rating on the shares after the company preannounced Q1 sales of $77.2M-$77.5M and reaffirmed its FY25 guidance of $395M-$405M. The outlook assumes a step-up in the quarterly run rate, which “could prove challenging in this environment,” says the analyst, who lowered estimates to reflect softness in Q1.