Barclays Maintains Overweight on InMode, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic maintains an Overweight rating on InMode (NASDAQ:INMD) but lowers the price target from $34 to $33.

April 12, 2024 | 1:59 pm
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Barclays maintains an Overweight rating on InMode but lowers the price target from $34 to $33.
The adjustment in price target by Barclays reflects a slight modification in their valuation of InMode, likely due to updated financial analysis or market conditions. However, maintaining an Overweight rating indicates a continued positive outlook on the stock, suggesting that the reduction in the price target might not significantly impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100