Barclays Maintains Overweight on InMode, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic has maintained an Overweight rating on InMode (NASDAQ:INMD) but has reduced the price target from $45 to $33.
January 04, 2024 | 1:06 pm
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Barclays has maintained an Overweight rating on InMode but lowered the price target from $45 to $33, indicating a potential downside compared to the previous target.
The reduction in price target by Barclays, despite maintaining an Overweight rating, suggests that the analyst sees less upside potential for InMode's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100