INMD - InMode Faces Revenue Headwinds Amid Challenging Economics: Analyst Cuts Price Target And Estimates | Benzinga
Canaccord Genuity analyst Caitlin Cronin downgraded InMode Ltd (NASDAQ: INMD) to Hold from Buy at a lowered price target of $22 from $55.
Yesterday, the company reported Q3 preliminary results and a lowered FY23 outlook.
The company expects Q3 revenue of $122.8 million-$123.0 million (vs. consensus of $136.94 million) and adjusted EPS of $0.59-$0.60 (vs. $0.66 street view).
For FY23, INMD lowered revenue guidance to $500 million-$510 million ...