InMode (INMD) Shares Plunge 5.97% on UBS Target Price Cut

InMode (INMD) shares plummeted 5.97% today, marking the fifth consecutive day of decline, with a total drop of 20.00% over the past five days. The stock price fell to its lowest level since March 2020, with an intraday decline of 7.01%.

UBS analyst Danielle Antalffy has maintained a hold rating on InMode (INMD.US) while adjusting the target price from $20 to $17. This adjustment in the target price could be a significant factor influencing InMode's stock price today. The analyst's decision to lower the target price reflects a cautious outlook on the company's near-term prospects, which may have contributed to the recent sell-off in the stock. Investors are likely paying close attention to the analyst's comments and the potential implications for InMode's future performance.