Analysts rate InMode Stock (INMD:NSD) with a Strong Buy rating and a $49 target

Jefferies Financial LLC rates InMode stock as Buy with $40 price target.

Based on the InMode Stock Forecast from 4 analysts, the average analyst INMD stock price target is USD 49.14 over the next 12 months. InMode Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of INMD stock forecast is Bullish, which is based on 10 positive signals and 4 negative signals. At the last closing, InMode stock price was USD 34.73InMode stock price has changed by +2.84% over the past week, +1.98% over the past month and -59.23% over the last year.

 

About InMode Ltd. (INMD:NSD):

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women’s health conditions and procedures. The company was formerly known as Invasix Ltd. and changed its name to InMode Ltd. in November 2017. InMode Ltd. was incorporated in 2008 and is headquartered in Yokneam, Israel.

 

What we like:

High market capitalization

InMode stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

InMode stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

InMode stock had positive total cash flow in the most recent four quarters.

Positive free cash flow

InMode stock had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

InMode stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

InMode stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

INMD stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

High volatility

The total returns for INMD stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

INMD stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

INMD stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

InMode stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.