InMode a new buy at BTIG on 'compelling' risk/reward prospects [Seeking Alpha]
InMode Ltd. - Ordinary Shares (INMD)
Last inmode ltd. - ordinary shares earnings: 2/18 08:00 am
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Source: Seeking Alpha
The firm set a $25 price target (~48% upside). BTIG analysts noted that despite ~38% revenue CAGR from 2018-2023), the aesthetic medical devices manufacturer is trading at multi-year lows due to lower demand for aesthetic capital equipment and procedures over the last few quarters, which the firm attributes to macroeconomic uncertainty. The firm added it sees several ways InMode can return to growth once the macroeconomic environment improves. "BTIG spoke with an early adopter of the recently launched IgniteRF platform who said high-volume providers will be the first to adopt/ upgrade to the new system given significant clinical enhancements and time-savings," a recent note reads. "Additionally, markets outside the U.S. still represent a large and growing opportunity for medical aesthetics while adoption of adjacent platform technologies in gynecology and ophthalmology remain in the early innings." More on InMode InMode Offers High Risk-Reward Opportunity Amid New Products
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INMD
News
- InMode to Present at Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- InMode to Present at Upcoming Investor ConferencesPR Newswire
- We Think You Can Look Beyond InMode's (NASDAQ:INMD) Lackluster Earnings [Yahoo! Finance]Yahoo! Finance
- InMode Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- InMode Ltd. (NASDAQ: INMD) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
INMD
Earnings
- 10/30/24 - Beat
INMD
Sec Filings
- 10/30/24 - Form 6-K
- 10/1/24 - Form 6-K
- 9/10/24 - Form 6-K
- INMD's page on the SEC website