Stifel lowered the firm’s price target on Inspire Medical (INSP) to $250 from $350 and keeps a Buy rating on the shares. The stock has been hit hard on GLP-1 concerns over the past several months and while a beat and raise quarter “may not provide an all clear” given that Eli Lilly’s (LLY) SURMOUNT-OSA data is expected in March or April 2024, the firm believes Q3 revenue upside and a 2023 raise “should be good enough” for a near-term bounce in shares, the analyst tells investors in a 10-Q/10-K review note.
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>>
See the top stocks recommended by analysts >>
Read More on INSP:
- LivaNova price target lowered to $62 from $71 at Needham
- Inspire Medical price target lowered to $180 from $355 at BofA
- Inspire Medical price target lowered to $300 from $380 at Mizuho
- Inspire Medical initiated with a Market Perform at Leerink
- Inspire Medical price target lowered to $260 from $340 at Truist