Barclays Maintains Overweight on InMode, Lowers Price Target to $32
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 $33 to $32.

January 18, 2024 | 2:10 pm
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on InMode but lowered the price target from $33 to $32, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Overweight rating suggests that Barclays continues to see InMode as a good investment relative to the market or sector. However, the reduction in the price target, albeit slight, could imply a minor adjustment in growth expectations or valuation metrics. This news is likely to be viewed neutrally by investors as it confirms positive sentiment but with a slight caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100