Stifel Nicolaus Believes Inspire Medical Systems Inc (INSP) Still Has Room to Grow


In a report released yesterday, Jonathan Block from Stifel Nicolaus reiterated a Buy rating on Inspire Medical Systems Inc (NYSE: INSP), with a price target of $53. The company’s shares closed yesterday at $45.54, close to its 52-week high of $50.00.

According to TipRanks.com, Block is a 5-star analyst with an average return of 23.1% and a 75.9% success rate. Block covers the Healthcare sector, focusing on stocks such as DENTSPLY SIRONA Inc, Idexx Laboratories, and Align Tech.

Currently, the analyst consensus on Inspire Medical Systems Inc is a Moderate Buy with an average price target of $43.

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The company has a one-year high of $50.00 and a one-year low of $22.50. Currently, Inspire Medical Systems Inc has an average volume of 217.9K.

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Inspire Medical Systems, Inc. engages in the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea. It offers inspire therapy, which consists of a remote control, and implantable components that includes pressure sensing lead, a neurostimulator, and a stimulation lead.

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