Canaccord raised the firm’s price target on InMode to $55 from $47 and keeps a Buy rating on the shares. The firm said he Q2/23 results saw the company again beat across the top and bottom lines with a record quarter for revenues as well as non-GAAP EPS.
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Read More on INMD:
- 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
- InMode Expands Women’s Health and Wellness Market Footprint through Acquisition of Viveve Patents