12 Best Medical Device Stocks to Buy According to Analysts

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7. Inspire Medical Systems, Inc. (NYSE:INSP)

Analyst Upside: 89.54%

Number of Hedge Fund Holders: 37

Inspire Medical Systems, Inc. (NYSE:INSP) is one of the best medical device stocks to buy according to analysts. Jefferies analyst Michael Sarcone maintained a Buy rating on Inspire Medical Systems, Inc. (NYSE:INSP) on August 5, setting a price target of $160.00.

The rating update followed Inspire Medical Systems, Inc.’s (NYSE:INSP) release of fiscal Q2 2025 results on August 4. The company generated $217.1 million in revenue in fiscal Q2 2025, reflecting an 11% growth over the same quarter in 2024.

It achieved a gross margin of 84.0%, while net loss for the quarter was $3.6 million. Inspire Medical Systems, Inc. (NYSE:INSP) also reported adjusted diluted earnings per share of $0.45.

Inspire Medical Systems, Inc. (NYSE:INSP) is a medical technology company that develops and commercializes innovative, minimally invasive solutions for obstructive sleep apnea.

The company offers Inspire therapy, which includes implantable components with a pressure-sensing lead, a stimulation lead, and a neurostimulator, operable through a remote control.

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