Caitlin Cronin, an analyst from Canaccord Genuity, maintained the Hold rating on InMode (INMD – Research Report). The associated price target remains the same with $17.00.
Caitlin Cronin has given her Hold rating due to a combination of factors impacting InMode’s financial outlook. The company’s preliminary Q1/25 revenue announcement fell short of expectations, with figures significantly below both Canaccord Genuity’s and consensus estimates. This shortfall, coupled with lower-than-expected gross margins, suggests potential challenges in achieving the company’s full-year guidance.
Despite maintaining its FY25 revenue guidance, the anticipated growth appears modest, and the macroeconomic environment presents further uncertainties, including tariffs and market volatility, which could affect demand. Cronin’s conservative approach reflects these ongoing challenges, leading to a Hold rating with a price target of $17, based on a discounted valuation multiple compared to peers.
INMD’s price has also changed slightly for the past six months – from $16.650 to $15.080, which is a -9.43% drop .