InMode price target lowered to $15 from $17 at Canaccord

Canaccord lowered the firm’s price target on InMode (INMD) to $15 from $17 and keeps a Hold rating on the shares. The firm said while the company beat its Q1/25 preliminary results slightly and executed another buyback program, Q1 results still came in below original expectations. The company has pointed to ongoing weakness in the Q1 as interest rates remain high, making large capital equipment purchases tough for providers, while they have not seen an increase in the number of consumables sold despite adding more capital to the market, implying ongoing weakness in consumer demand.