InMode Ltd. (INMD) PT Raised to $80 at Canaccord Genuity

October 13, 2021 8:03 AM EDT
Get Alerts INMD Hot Sheet
Price: $23.25 --0%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 20 | New: 10
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Canaccord Genuity analyst Kyle Rose raised the price target on InMode Ltd. (NASDAQ: INMD) to $80.00 (from $60.00) while maintaining a Buy rating.

The analyst commented, "... InMode reported preliminary Q3 record revenue in the range of $93.5-$94.0M, representing ~56-57% growth Y/Y, significantly above CG estimate of $75.7M and consensus of $74.9M. Record non-GAAP EPS was guided to a range of $0.53-$0.54 – above CG/consensus estimates (those estimates, pre-split, were $0.76/$0.78, or roughly $0.38/$0.39 post-split). The company also guided for non-GAAP GMs in the range of 84-86% for the FY21. Lastly, INMD raised 2021 full-year revenue guidance to $343-$347M, up from the previous $305-315M estimate. More details will be provided on the Q3 conference call on October 26."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Canaccord Genuity