Inspire Medical Systems, Inc. (INSP, Financial) has announced strategic additions to its executive team, aiming to enhance its leadership in the field of sleep disorder treatments. Effective April 21, Paul Hoff will assume the role of Vice President, Senior Medical Director, followed by Ruchir Patel's appointment to the same position starting June 2.
Paul Hoff brings a wealth of expertise from his current role at Michigan Otolaryngology Surgery Associates, where his focus includes sleep apnea. In addition to his clinical practice, Hoff is an Associate Professor at the University of Michigan, enriching Inspire with both practical and academic experience.
Ruchir Patel, a respected name in sleep medicine, is the founder of The Insomnia and Sleep Institute of Arizona. His practice is renowned for its evidence-based treatment approaches for sleep disorders. Patel's insights and leadership will be invaluable as Inspire continues to innovate in sleep health solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Inspire Medical Systems Inc (INSP, Financial) is $229.87 with a high estimate of $280.00 and a low estimate of $175.00. The average target implies an upside of 53.03% from the current price of $150.21. More detailed estimate data can be found on the Inspire Medical Systems Inc (INSP) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Inspire Medical Systems Inc's (INSP, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Inspire Medical Systems Inc (INSP, Financial) in one year is $432.50, suggesting a upside of 187.93% from the current price of $150.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Inspire Medical Systems Inc (INSP) Summary page.
