Needham analyst Michael Matson has maintained their neutral stance on INMD stock, giving a Hold rating on April 14.
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Michael Matson has given his Hold rating due to a combination of factors impacting InMode’s financial performance and market conditions. The company’s revenue for the first quarter of 2025 showed a slight improvement compared to the previous quarter, yet it still experienced a decline. Additionally, while InMode’s installed base grew, there was a noticeable decrease in handpiece unit sales year-over-year, which suggests potential challenges in product demand.
Moreover, the company’s gross and operating margins have decreased, indicating pressure on profitability. The ongoing impact of tariffs and a shift towards a more international sales mix have led to a downward revision of the earnings per share guidance for 2025. Despite a strong cash position and a completed share repurchase program, the uncertain economic environment and limited clarity on the aesthetic market’s recovery contribute to the Hold rating.
In another report released on April 14, Canaccord Genuity also reiterated a Hold rating on the stock with a $17.00 price target.