Barclays Maintains Overweight on InMode, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic maintains an Overweight rating on InMode (NASDAQ:INMD) but lowers the price target from $29 to $27.
October 14, 2024 | 2:21 pm
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Barclays analyst Matt Miksic maintains an Overweight rating on InMode but lowers the price target from $29 to $27, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in InMode's performance, but the lowered price target indicates a slightly reduced expectation for future stock price appreciation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100