Barclays raised the firm’s price target on InMode to $34 from $32 and keeps an Overweight rating on the shares. The analyst continues to view the company’s initial 2024 sales outlook as conservative, especially considering the two mid-year product launches announced yesterday. The firm views the post-quarter volatility in shares as an attractive buying opportunity.
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Read More on INMD:
- InMode sees FY24 adjusted EPS $2.53-$2.57, consensus $2.45
- InMode reports Q4 adjusted EPS 71c, consensus 67c
- InMode Reports Fourth Quarter and Full Year 2023 Financial Results; Quarterly Revenue of $126.8M and Record Full Year Revenue of $492M
- Inmode (INMD) Q4 Earnings Cheat Sheet
- InMode Stock (NASDAQ:INMD): 2 Catalysts That Can Send Shares Skyrocketing
