Canaccord analyst Caitlin Cronin lowered the firm’s price target on InMode to $16 from $21 and keeps a Hold rating on the shares. The firm noted InMode announced preliminary Q2/24 results, with revenues in the range of $86.2M-$86.3M which comes significantly below consensus estimates. With another round of guidance lowering suggest an increasingly deteriorating rather than improving operating environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INMD: