InMode (INMD) Stock Gains 2%: Should You Buy It?

The monthly chart shows the price has grown by 25.3%. A month ago, it was $ 119.23, which is still growing. By August 31, the cost was $ 133.90, which represents a 12% increase only in the first week. On September 10, it plummeted from $ 141.67 to its lowest mark of $ 119.11. However, in 3 working days, the price was able to recover. An all-time high of $ 151.81 was reached today. However, a few hours later, it dropped to $ 149.46.

According to Marketbeat InMode (INMD) shares have received an overall rating of “Buy” from seven research firms, which are currently engaged in the study of this firm. One research analyst has assigned the company rating to “hold”, and five to “buy.”  Barclays raised their price target for InMode from $92  to $120. Needham & Company LLC increased the price target on InMode from $119 to $129. Canaccord Genuity lifted the price target on the shares of InMode from $ 95 to $ 120. Furthermore, in a research note to Monday, August 9, TheStreet raised InMode shares rating from «c» to «b-».