InMode (INMD) Stock Forecast, Price Target & Predictions
INMD Stock Forecast
InMode stock forecast is as follows: an average price target of $27.50 (represents a 58.23% upside from INMD’s last price of $17.38) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.
INMD Price Target
The average price target for InMode (INMD) is $27.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $58.00 to $16.00. This represents a potential 58.23% upside from INMD's last price of $17.38.
INMD Analyst Ratings
According to 6 Wall Street analysts, InMode's rating consensus is 'Hold'. The analyst rating breakdown for INMD stock is 0 'Strong Buy' (0.00%), 2 'Buy' (33.33%), 3 'Hold' (50.00%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
InMode Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Sam Elber | BTIG | $25.00 | $16.88 | 48.10% | 43.84% |
| Oct 12, 2024 | Matt Miksic | Barclays | $27.00 | $16.50 | 63.64% | 55.35% |
| Jul 23, 2024 | Matthew Taylor | Jefferies | $19.00 | $17.75 | 7.04% | 9.32% |
| Jul 12, 2024 | Caitlin Cronin | Canaccord Genuity | $16.00 | $16.82 | -4.88% | -7.94% |
| May 03, 2024 | Danielle Antalffy | UBS | $20.00 | $17.36 | 15.21% | 15.07% |
| Oct 13, 2023 | Caitlin Cronin | Canaccord Genuity | $22.00 | $20.75 | 6.02% | 26.58% |
| Dec 21, 2022 | - | Barclays | $44.00 | $35.22 | 24.93% | 153.16% |
| May 03, 2022 | - | Needham | $58.00 | $25.61 | 126.47% | 233.72% |
| Feb 11, 2022 | Matthew Taylor | UBS | $90.00 | $47.01 | 91.45% | 417.84% |
The latest InMode stock forecast, released on Oct 16, 2024 by Sam Elber from BTIG, set a price target of $25.00, which represents a 48.10% increase from the stock price at the time of the forecast ($16.88), and a 43.84% increase from INMD last price ($17.38).
InMode Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 5 |
| Avg Price Target | $26.00 | $26.00 | $21.40 |
| Last Closing Price | $17.38 | $17.38 | $17.38 |
| Upside/Downside | 49.60% | 49.60% | 23.13% |
In the current month, the average price target of InMode stock is $26.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 49.60% increase as opposed to InMode's last price of $17.38. This month's average price target is down 0.00% compared to last quarter, and up 21.50% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | BTIG | - | Buy | Initialise |
| Oct 12, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 01, 2024 | Canaccord Genuity | Hold | Hold | Hold |
| Jul 23, 2024 | Jefferies | - | Hold | Downgrade |
| May 03, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 13, 2023 | Canaccord Genuity | Buy | Hold | Downgrade |
| Feb 17, 2023 | Needham | Buy | Negative | Downgrade |
| Dec 21, 2022 | Barclays | - | Overweight | Initialise |
| Jun 30, 2022 | Canaccord Genuity | Buy | Buy | Hold |
| May 03, 2022 | Needham | Buy | Buy | Hold |
InMode's last stock rating was published by BTIG on Oct 16, 2024. The company Initialise its INMD rating from "null" to "Buy".
InMode Financial Forecast
InMode Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $121.23M | $113.55M | $85.92M | $110.54M | $94.18M | $87.33M | $65.52M | $75.19M | $59.71M | $30.77M | $40.44M | $47.00M | $40.01M |
| Avg Forecast | $131.17M | $121.95M | $107.77M | $96.38M | $121.21M | $112.42M | $100.70M | $91.35M | $114.22M | $126.52M | $104.81M | $91.41M | $124.77M | $131.26M | $132.55M | $101.44M | $129.69M | $113.52M | $103.15M | $80.23M | $104.98M | $89.38M | $76.82M | $56.20M | $70.76M | $52.60M | $20.22M | $38.96M | $42.48M | $35.74M |
| High Forecast | $135.97M | $126.41M | $111.71M | $99.90M | $125.64M | $116.52M | $104.38M | $99.82M | $118.39M | $130.74M | $104.81M | $91.43M | $129.33M | $137.95M | $137.39M | $105.15M | $134.43M | $113.52M | $103.15M | $80.23M | $104.98M | $89.38M | $76.82M | $56.20M | $70.76M | $52.60M | $20.22M | $38.96M | $42.48M | $35.74M |
| Low Forecast | $126.34M | $117.45M | $103.80M | $92.82M | $116.74M | $108.27M | $96.99M | $82.03M | $110.01M | $122.30M | $104.81M | $91.39M | $120.17M | $122.07M | $127.66M | $97.70M | $124.91M | $113.52M | $103.15M | $80.23M | $104.98M | $89.38M | $76.82M | $56.20M | $70.76M | $52.60M | $20.22M | $38.96M | $42.48M | $35.74M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.10% | 1.07% | 1.05% | 1.05% | 1.14% | 1.17% | 1.06% | 1.14% | 1.52% | 1.04% | 1.11% | 1.12% |
InMode's average Quarter revenue forecast for Jan 23 based on 3 analysts is $129.69M, with a low forecast of $124.91M, and a high forecast of $134.43M. INMD's average Quarter revenue forecast represents a 6.98% increase compared to the company's last Quarter revenue of $121.23M (Sep 22).
InMode EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $53.91M | $49.36M | $35.15M | $54.53M | $45.15M | $42.52M | $26.87M | $38.05M | $25.01M | $9.49M | $7.41M | $20.45M | $17.01M |
| Avg Forecast | $53.64M | $49.86M | $44.07M | $39.41M | $49.56M | $45.97M | $41.18M | $37.35M | $46.70M | $51.73M | $42.85M | $29.42M | $51.02M | $53.67M | $54.20M | $31.47M | $26.27M | $46.42M | $42.17M | $33.66M | $42.93M | $36.55M | $31.41M | $18.73M | $28.93M | $21.51M | $8.27M | $7.27M | $17.37M | $9.92M |
| High Forecast | $55.59M | $51.69M | $45.68M | $40.85M | $51.37M | $47.65M | $42.68M | $40.82M | $48.41M | $53.46M | $42.85M | $35.31M | $52.88M | $56.41M | $56.18M | $37.76M | $31.53M | $46.42M | $42.17M | $40.39M | $42.93M | $36.55M | $31.41M | $22.47M | $28.93M | $21.51M | $8.27M | $8.73M | $17.37M | $11.90M |
| Low Forecast | $51.66M | $48.03M | $42.44M | $37.95M | $47.73M | $44.27M | $39.66M | $33.54M | $44.98M | $50.01M | $42.85M | $23.54M | $49.14M | $49.91M | $52.20M | $25.17M | $21.02M | $46.42M | $42.17M | $26.92M | $42.93M | $36.55M | $31.41M | $14.98M | $28.93M | $21.51M | $8.27M | $5.82M | $17.37M | $7.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.17% | 1.04% | 1.27% | 1.24% | 1.35% | 1.43% | 1.32% | 1.16% | 1.15% | 1.02% | 1.18% | 1.71% |
3 analysts predict INMD's average Quarter EBITDA for Jan 23 to be $26.27M, with a high of $31.53M and a low of $21.02M. This is -51.27% lower than InMode's previous annual EBITDA (Sep 22) of $53.91M.
InMode Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.79M | $44.05M | $30.98M | $52.69M | $44.72M | $40.92M | $26.64M | $36.11M | $23.89M | $8.59M | $6.55M | $19.04M | $16.19M |
| Avg Forecast | $52.83M | $49.31M | $44.22M | $38.57M | $47.09M | $43.56M | $39.49M | $35.64M | $45.68M | $44.14M | $29.79M | $25.65M | $51.17M | $49.90M | $50.70M | $27.44M | $25.77M | $50.25M | $44.06M | $29.34M | $49.18M | $42.91M | $37.17M | $18.60M | $28.96M | $20.54M | $-2.66M | $7.02M | $16.18M | $9.71M |
| High Forecast | $55.34M | $51.66M | $46.32M | $40.40M | $49.33M | $45.63M | $41.37M | $37.19M | $47.85M | $46.24M | $29.80M | $30.78M | $53.60M | $52.24M | $53.11M | $32.92M | $30.92M | $50.25M | $44.06M | $35.21M | $49.18M | $42.91M | $37.17M | $22.32M | $28.96M | $20.54M | $-2.66M | $8.42M | $16.18M | $11.65M |
| Low Forecast | $50.30M | $46.95M | $42.10M | $36.72M | $44.84M | $41.47M | $37.60M | $34.09M | $43.49M | $42.03M | $29.77M | $20.52M | $48.71M | $46.79M | $48.27M | $21.95M | $20.62M | $50.25M | $44.06M | $23.48M | $49.18M | $42.91M | $37.17M | $14.88M | $28.96M | $20.54M | $-2.66M | $5.61M | $16.18M | $7.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.00% | 1.06% | 1.07% | 1.04% | 1.10% | 1.43% | 1.25% | 1.16% | -3.22% | 0.93% | 1.18% | 1.67% |
InMode's average Quarter net income forecast for Jan 23 is $25.77M, with a range of $20.62M to $30.92M. INMD's average Quarter net income forecast represents a -47.18% decrease compared to the company's last Quarter net income of $48.79M (Sep 22).
InMode SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.56M | $42.22M | $33.33M | $37.81M | $32.97M | $30.61M | $26.37M | $26.91M | $25.07M | $16.15M | $24.82M | $21.39M | $17.65M |
| Avg Forecast | $53.72M | $49.94M | $44.13M | $39.47M | $49.64M | $46.04M | $41.24M | $37.41M | $46.77M | $51.81M | $42.92M | $27.60M | $51.10M | $53.75M | $54.28M | $29.52M | $19.20M | $46.49M | $42.24M | $31.57M | $42.99M | $36.60M | $31.46M | $18.41M | $28.98M | $21.54M | $8.28M | $27.08M | $17.40M | $10.59M |
| High Forecast | $55.68M | $51.77M | $45.75M | $40.91M | $51.45M | $47.72M | $42.75M | $40.88M | $48.48M | $53.54M | $42.92M | $33.12M | $52.96M | $56.49M | $56.26M | $35.42M | $23.04M | $46.49M | $42.24M | $37.89M | $42.99M | $36.60M | $31.46M | $22.09M | $28.98M | $21.54M | $8.28M | $32.49M | $17.40M | $12.71M |
| Low Forecast | $51.74M | $48.10M | $42.51M | $38.01M | $47.81M | $44.34M | $39.72M | $33.59M | $45.05M | $50.08M | $42.92M | $22.08M | $49.21M | $49.99M | $52.28M | $23.62M | $15.36M | $46.49M | $42.24M | $25.26M | $42.99M | $36.60M | $31.46M | $14.73M | $28.98M | $21.54M | $8.28M | $21.66M | $17.40M | $8.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.00% | 1.06% | 0.88% | 0.90% | 0.97% | 1.43% | 0.93% | 1.16% | 1.95% | 0.92% | 1.23% | 1.67% |
InMode's average Quarter SG&A projection for Jan 23 is $19.20M, based on 3 Wall Street analysts, with a range of $15.36M to $23.04M. The forecast indicates a -57.85% fall compared to INMD last annual SG&A of $45.56M (Sep 22).
InMode EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 1 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.59 | $0.54 | $0.37 | $0.63 | $0.54 | $0.50 | $0.34 | $0.48 | $0.33 | $0.12 | $0.10 | $0.29 | $0.27 |
| Avg Forecast | $0.68 | $0.63 | $0.57 | $0.50 | $0.60 | $0.56 | $0.51 | $0.46 | $0.59 | $0.57 | $0.38 | $0.43 | $0.66 | $0.64 | $0.65 | $0.47 | $0.67 | $0.58 | $0.51 | $0.36 | $0.57 | $0.50 | $0.43 | $0.27 | $0.34 | $0.24 | $-0.03 | $0.16 | $0.19 | $0.15 |
| High Forecast | $0.71 | $0.66 | $0.59 | $0.52 | $0.63 | $0.59 | $0.53 | $0.48 | $0.61 | $0.59 | $0.38 | $0.44 | $0.69 | $0.67 | $0.68 | $0.49 | $0.70 | $0.58 | $0.51 | $0.36 | $0.57 | $0.50 | $0.43 | $0.27 | $0.34 | $0.24 | $-0.03 | $0.16 | $0.19 | $0.15 |
| Low Forecast | $0.65 | $0.60 | $0.54 | $0.47 | $0.58 | $0.53 | $0.48 | $0.44 | $0.56 | $0.54 | $0.38 | $0.43 | $0.63 | $0.60 | $0.62 | $0.45 | $0.63 | $0.58 | $0.51 | $0.36 | $0.57 | $0.50 | $0.43 | $0.27 | $0.34 | $0.24 | $-0.03 | $0.16 | $0.19 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.05% | 1.02% | 1.10% | 1.08% | 1.16% | 1.27% | 1.42% | 1.36% | -3.87% | 0.58% | 1.54% | 1.78% |
According to 3 Wall Street analysts, InMode's projected average Quarter EPS for Jan 23 is $0.67, with a low estimate of $0.63 and a high estimate of $0.70. This represents a 12.96% increase compared to INMD previous annual EPS of $0.59 (Sep 22).
InMode Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TNDM | Tandem Diabetes Care | $32.85 | $81.22 | 147.25% | Buy |
| ALGN | Align | $210.78 | $421.00 | 99.73% | Buy |
| INMD | InMode | $17.38 | $27.50 | 58.23% | Hold |
| TMDX | TransMedics Group | $84.97 | $126.75 | 49.17% | Buy |
| NARI | Inari Medical | $48.93 | $66.11 | 35.11% | Buy |
| EW | Edwards Lifesciences | $66.47 | $88.04 | 32.45% | Buy |
| INSP | Inspire Medical Systems | $192.71 | $238.00 | 23.50% | Buy |
| ZBH | Zimmer Biomet | $108.41 | $133.57 | 23.21% | Hold |
| MDT | Medtronic | $89.31 | $107.91 | 20.83% | Hold |
| DXCM | DexCom | $69.70 | $81.36 | 16.73% | Buy |
| PODD | Insulet | $237.44 | $270.93 | 14.10% | Buy |
| ABT | Abbott Laboratories | $117.65 | $126.45 | 7.48% | Buy |
| SYK | Stryker | $366.90 | $317.96 | -13.34% | Buy |
| SWAV | ShockWave Medical | $334.75 | $258.17 | -22.88% | Hold |
INMD Forecast FAQ
Is InMode a good buy?
No, according to 6 Wall Street analysts, InMode (INMD) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 33.33% of INMD's total ratings.
What is INMD's price target?
InMode (INMD) average price target is $27.5 with a range of $16 to $58, implying a 58.23% from its last price of $17.38. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will InMode stock go up soon?
According to Wall Street analysts' prediction for INMD stock, the company can go up by 58.23% (from the last price of $17.38 to the average price target of $27.5), up by 233.72% based on the highest stock price target, and down by -7.94% based on the lowest stock price target.
Can InMode stock reach $30?
INMD's highest twelve months analyst stock price target of $58 supports the claim that InMode can reach $30 in the near future.
What is InMode's current price target trend?
2 Wall Street analysts forecast a $26 price target for InMode (INMD) this month, up 49.60% from its last price of $17.38. Compared to the last 3 and 12 months, the average price target increased by 49.60% and increased by 23.13%, respectively.
Did the INMD's actual financial results beat the analysts' financial forecasts?
Based on InMode's last annual report (Dec 2021), the company's revenue was $357.56M, beating the average analysts forecast of $327.39M by 9.22%. Apple's EBITDA was $167.99M, beating the average prediction of $129.61M by 29.61%. The company's net income was $164.97M, beating the average estimation of $147.87M by 11.56%. Apple's SG&A was $127.76M, missing the average forecast of $129.47M by -1.31%. Lastly, the company's EPS was $2.03, beating the average prediction of $1.77 by 14.56%. In terms of the last quarterly report (Sep 2022), InMode's revenue was $121.23M, beating the average analysts' forecast of $113.52M by 6.79%. The company's EBITDA was $53.91M, beating the average prediction of $46.42M by 16.15%. InMode's net income was $48.79M, missing the average estimation of $50.25M by -2.90%. The company's SG&A was $45.56M, missing the average forecast of $46.49M by -2.00%. Lastly, the company's EPS was $0.59, beating the average prediction of $0.585 by 0.85%