Barclays analyst Jack Meehan raised the firm's price target on InMode to $48 from $45 and reiterates an Overweight rating on the shares. The company again delivered "exactly" the type of quarter that was necessary given how strong shares have been since the August 2019 initial public offering, Meehan tells investors in a research note. He attributes the post-earnings stock underperformance more to trading dynamics around the lock-up expiry than to stock fundamentals. InMode shares still have room left to run with execution of its strategy, contends Meehan.