Barclays analyst Matt Miksic raised the firm’s price target on InMode to $54 from $47 and keeps an Overweight rating on the shares. The analyst increased estimates on the company’s “strong” Q2 beat and increased 2023 outlook. InMode continues to deliver upside to expectations, driven by strong system sales and consumables, says the firm, which sees potential for further outperformance in the second half of 2023.
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Read More on INMD:
- InMode price target raised to $55 from $47 at Canaccord
- InMode price target raised to $61 from $53 at Baird
- InMode sees FY23 non-GAAP EPS $2.62-$2.66, consensus $2.63
- InMode reports Q2 non-GAAP EPS 72c, consensus 64c
- InMode Reports Second Quarter 2023 Financial Results; Record Quarterly Revenue of $136.1M Represents 20% Year-Over-Year Growth