Is InMode stock a buy as shares spike 12% after solid preliminary Q3 results?

Is InMode stock a buy as shares spike 12% after solid preliminary Q3 results?

On Wednesday, InMode Ltd (NASDAQ:INMD) shares spiked more than 12%, extending Tuesday’s gains. As a result, the stock is now up more than 21% this week after announcing better-than-expected preliminary Q3 results. InMode said it expects fiscal Q3 revenue in the range of $93.5-$94 million, while Street analysts had an average estimate of $87.7 million.
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