5 Most Promising Medical Stocks According to Analysts

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In this article, we will take a look at the 5 most promising medical stocks according to analysts. To see more such companies, go directly to 12 Most Promising Medical Stocks According to Analysts.

5. InMode Ltd. (NASDAQ:INMD)

Number of Hedge Fund Holders: 30

One-Year Price Target: $50.40

Israeli medical device company InMode Ltd. (NASDAQ:INMD) ranks 5th in our list of the most promising medical stocks according to analysts. InMode Ltd. (NASDAQ:INMD) was rising in early hours of February 14 after the company posted strong fourth quarter results. InMode Ltd. (NASDAQ:INMD)’s adjusted EPS in the period came in at $0.78, beating estimates by $0.09. Revenue in the quarter jumped about 21% on a YoY basis to total $133.57 million, beating estimates by $3.93 million.

InMode Ltd. (NASDAQ:INMD) also gave full-year 2023 guidance. InMode Ltd. (NASDAQ:INMD) expects revenue in the period to come between $525 million and $530 million while the consensus estimate for this metric is $528.84 million.

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