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Model output · Signal date 2026-11-06

Inspire Medical Systems, Inc. (INSP) Stock Forecast Nov. 6, 2026

Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE

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Rating · 90D Unlock rating and forecasts
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage of 5150 stocks scored
Rank correlation · 90D 22.0% Spearman, 357 dates
Market Cap $1.85B small-cap · #27 of 60 peers
Summary

Inspire Medical Systems, Inc. (INSP) stock forecast summary

Our AI scores Inspire Medical Systems, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.

Inspire Medical Systems, Inc. is a small-cap company with a market capitalization of $1.85B. It ranks number 27 by market capitalization among the 60 Surgical & Medical Instruments & Apparatus issuers in our coverage with a current forecast.

For INSP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 22.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, INSP included.

Price

INSP price chart and AI forecast

INSP
Cross-section · 2026-11-06

How INSP ranks among 5150 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-09-30

Inspire Medical Systems, Inc. (INSP) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Surgical & Medical Instruments & Apparatus peers listed below that report each metric.

Valuation & Market

MetricINSPIndustry medianRank
Market Cap $1.85B $1.24B 27/60
P/E Ratio 17.25x 31.01x 23/27
P/B Ratio 2.24x 4.81x 46/55
EPS $3.71 – –
Book Value/Share $28.60 – –
Revenue/Share $30.47 – –
FCF/Share $3.39 – –

Profitability & Margins

MetricINSPIndustry medianRank
ROE 12.2% -3.5% 12/40
ROA 10.6% -3.5% 8/43
ROIC 1.8% -1.7% 25/54
Gross Margin 86.2% 67.3% 4/54
Operating Margin 1.8% -0.6% 27/55
Net Margin 11.4% -2.0% 13/42
EBT Margin 3.5% 1.4% 23/55
Tax Rate -226.8% – –

The effective tax rate is outside the normal band, which points to a large non-recurring tax item in the trailing twelve months; headline net income, net margin and P/E are affected by it.

Financial Health

MetricINSPIndustry medianRank
Current Ratio 6.45x 3.62x 14/59
Quick Ratio 4.61x 2.34x 14/55
D/E Ratio 0.15x 0.62x 48/56
Financial Leverage 1.15x 1.62x 47/54
Working Capital $530M $260M 19/59

Cash Flow

MetricINSPIndustry medianRank
Operating Cash Flow $135M $40M 21/56
Free Cash Flow $98M $12M 17/50
Capital Spending -$37M -$23M 28/50
OCF Growth YoY 1.0% 3.1% 18/32
FCF Growth YoY -0.9% 3.4% 17/27
FCF/Sales 11.1% 3.2% 17/50
CapEx/Sales 4.2% 3.4% 19/50

Operational Efficiency

MetricINSPIndustry medianRank
Asset Turnover 0.92x 0.74x 14/52
Receivables Turnover 8.4x 6.6x 6/52
Inventory Turnover 0.7x 2.0x 49/52
Fixed Assets Turnover 10.3x 6.4x 19/54
Days Sales Outstanding 43 days 56 days 47/52
Days Inventory 537 days 181 days 4/52

Income Statement

MetricINSPIndustry medianRank
Total Revenue $881M $670M 22/54
Operating Income $16M -$2M 26/56
Net Income $101M -$14M 14/43
R&D Expense $98M $62M 17/53
SG&A Expense $646M $323M 16/54
Cost of Goods Sold $122M $172M 33/54

Dividend & Shareholder Information

MetricINSPIndustry medianRank
Shares Outstanding 29M – –
Net Income Growth 127.1% 16.4% 1/18
EPS Growth 149.0% 13.6% 1/21

Balance Sheet Highlights (USD millions)

Total Current Assets$628M65.9% of assets
Cash & Short-term Investments$191M20.0% of assets
Accounts Receivable$105M11.0% of assets
Inventory$179M18.8% of assets
Total Liabilities$126M13.2% of assets
Quarterly Financial Reports

INSP quarterly financials and insider trading

Industry Peers · Surgical & Medical Instruments & Apparatus

Inspire Medical Systems, Inc. (INSP) industry peers

Companies classified under the same SEC industry code as Inspire Medical Systems, Inc. (Surgical & Medical Instruments & Apparatus): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
INSP Inspire Medical Systems, Inc. $1.85B 17.3x 2.2x
SYK Stryker Corp $127.56B 35.7x 5.4x
MMM 3m Co $95.67B 27.6x 23.2x
BSX Boston Scientific Corp $61.95B 17.5x 2.4x
BDX Becton Dickinson & Co $57.71B 68.8x 2.4x
MDLN Medline Inc. $52.27B 180.7x 4.4x
RMD Resmed Inc $33.10B 21.4x 5.6x
DXCM Dexcom Inc $29.62B 28.9x 11.7x
WST West Pharmaceutical Services Inc $27.85B 44.9x 9.4x
SOLV Solventum Corp $14.84B 80.7x 3.1x
BAX Baxter International Inc $13.34B – 2.1x
GKOS Glaukos Corp $13.28B – 18.5x
PEN Penumbra Inc $12.66B 80.9x 8.0x
PODD Insulet Corp $10.16B 21.1x 6.4x
GMED Globus Medical Inc $9.54B 15.5x 4.8x
TFX Teleflex Inc $6.39B 17.3x 1.8x
HAE Haemonetics Corp $5.46B 53.5x 6.1x
MMSI Merit Medical Systems Inc $5.23B 35.2x 3.0x
MMED Minimed Group, Inc. $4.70B – 1.3x
HTFL Heartflow, Inc. $4.52B – 16.2x
ICUI Icu Medical Inc/De $4.30B 53.8x 2.0x
PLSE Pulse Biosciences, Inc. $3.80B – 20.7x
STVN Stevanato Group S.P.A. $3.71B 5.9x –
ATRC Atricure, Inc. $2.98B – 5.6x
IRTC Irhythm Holdings, Inc. $2.97B – 16.8x
UFPT Ufp Technologies Inc $2.35B 31.0x 4.8x
LMAT Lemaitre Vascular Inc $1.85B 31.6x 4.3x
KMTS Kestra Medical Technologies, Ltd. $1.72B – 7.7x
NVCR Novocure Ltd $1.55B – 4.4x
TNDM Tandem Diabetes Care Inc $1.25B – 9.3x
SGP Spyglass Pharma, Inc. $1.24B – 5.3x
PRCT Procept Biorobotics Corp $1.18B – 3.6x
DRTS Alpha Tau Medical Ltd. $1.17B – 15.2x
ATEC Alphatec Holdings, Inc. $1.15B – –
IRMD Iradimed Corp $1.10B 47.2x 10.4x
SIBN Si-Bone, Inc. $1.09B – 5.9x
IART Integra Lifesciences Holdings Corp $1.04B – 1.0x
AORT Artivion, Inc. $985M – 2.2x
BBNX Beta Bionics, Inc. $854M – 2.1x
KIDS Orthopediatrics Corp $829M – 2.4x
BVS Bioventus Inc. $727M 29.5x 3.0x
TCMD Tactile Systems Technology Inc $590M 33.8x 2.6x
SGHT Sight Sciences, Inc. $555M – 11.3x
DCTH Delcath Systems, Inc. $527M 213.3x 4.4x
ANGO Angiodynamics Inc $493M – 3.0x
RCEL Avita Medical, Inc. $485M – –
MDXG Mimedx Group, Inc. $478M 21.9x 2.3x
BWAY Brainsway Ltd. $437M – –
NPCE Neuropace Inc $436M – 36.7x
SSII Ss Innovations International, Inc. $429M – 8.0x
CERS Cerus Corp $407M – 5.4x
CARL Carlsmed, Inc. $396M – 4.7x
MOBI Mobia Medical, Inc. $373M – 2.4x
EMBC Embecta Corp. $351M 5.2x –
OBIO Orchestra Biomed Holdings, Inc. $341M – 17.7x
OFIX Orthofix Medical Inc. $321M – 0.8x
CLPT Clearpoint Neuro, Inc. $276M – 10.1x
PROF Profound Medical Corp. $263M 7.7x 6.2x
TMCI Treace Medical Concepts, Inc. $262M – 4.3x
OSUR Orasure Technologies Inc $232M – 0.7x

Where INSP sits on the market map

Industrial Applications and Services · Surgical & Medical Instruments & Apparatus
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News

Inspire Medical Systems, Inc. (INSP) stock news

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FAQ

Inspire Medical Systems, Inc. (INSP) stock forecast FAQ

What is the Inspire Medical Systems, Inc. (INSP) stock forecast?

Our AI scores Inspire Medical Systems, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.

How accurate are Inspire Medical Systems, Inc. stock predictions?

For INSP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 22.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Inspire Medical Systems, Inc. forecasts updated?

Inspire Medical Systems, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.

Which companies are Inspire Medical Systems, Inc.'s industry peers?

60 issuers in our coverage, INSP included, share the SEC industry code Surgical & Medical Instruments & Apparatus. The largest are: Stryker Corp (SYK), 3m Co (MMM), Boston Scientific Corp (BSX), Becton Dickinson & Co (BDX), Medline Inc. (MDLN), Resmed Inc (RMD).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.