Inspire Medical gains new CPT codes for hypoglossal nerve stimulation
Inspire Medical Systems, Inc. INSP recently announced that the American Medical Association’s (AMA) CPT Editorial Panel ...
Model output · Signal date 2026-10-16
Inspire Medical Systems, Inc. (INSP) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5172 stocks scored
Rank correlation · 90D
9.0%
Spearman, 357 dates
Market Cap
$1.99B
small-cap · #26 of 60 peers
Summary
Inspire Medical Systems, Inc. (INSP) stock forecast summary
Our AI ranks Inspire Medical Systems, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Inspire Medical Systems, Inc. is a small-cap company with a market capitalization of $1.99B. It ranks number 26 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 9.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 -6.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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INSP price chart and AI forecast
Cross-section · 2026-10-16
How INSP ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
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
| Metric | INSP | Rank |
|---|---|---|
| Market Cap | $1.99B | 26/60 |
| P/E Ratio | 13.70x | 22/25 |
| P/B Ratio | 2.41x | 42/55 |
| EPS | $5.02 | – |
| Book Value/Share | $28.56 | – |
| Revenue/Share | $31.09 | – |
| FCF/Share | $4.05 | – |
Profitability & Margins
| Metric | INSP | Rank |
|---|---|---|
| ROE | 16.4% | 10/41 |
| ROA | 14.6% | 5/44 |
| ROIC | 6.3% | 20/53 |
| Gross Margin | 86.1% | 4/53 |
| Operating Margin | 6.0% | 21/54 |
| Net Margin | 15.0% | 8/43 |
| EBT Margin | 7.7% | 20/54 |
| Tax Rate | -94.6% | – |
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
| Metric | INSP | Rank |
|---|---|---|
| Current Ratio | 8.55x | 11/59 |
| Quick Ratio | 6.16x | 11/55 |
| D/E Ratio | 0.12x | 54/56 |
| Financial Leverage | 1.12x | 53/54 |
| Working Capital | $537M | 20/59 |
Cash Flow
| Metric | INSP | Rank |
|---|---|---|
| Operating Cash Flow | $157M | 19/55 |
| Free Cash Flow | $117M | 16/50 |
| Capital Spending | -$40M | 30/50 |
| OCF Growth YoY | 33.7% | 14/33 |
| FCF Growth YoY | 37.7% | 10/25 |
| FCF/Sales | 13.0% | 16/49 |
| CapEx/Sales | 4.5% | 17/49 |
Operational Efficiency
| Metric | INSP | Rank |
|---|---|---|
| Asset Turnover | 0.97x | 9/50 |
| Receivables Turnover | 8.7x | 5/51 |
| Inventory Turnover | 0.7x | 49/51 |
| Fixed Assets Turnover | 8.6x | 22/52 |
| Days Sales Outstanding | 42 days | 47/51 |
| Days Inventory | 499 days | 3/51 |
Income Statement
| Metric | INSP | Rank |
|---|---|---|
| Total Revenue | $899M | 21/52 |
| Operating Income | $54M | 21/55 |
| Net Income | $135M | 13/44 |
| R&D Expense | $100M | 15/53 |
| SG&A Expense | $620M | 15/53 |
| Cost of Goods Sold | $125M | 31/53 |
Dividend & Shareholder Information
| Metric | INSP | Rank |
|---|---|---|
| Shares Outstanding | 29M | – |
| Net Income Growth | 154.2% | 2/19 |
| EPS Growth | 283.2% | 2/21 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $609M | 65.8% of assets |
| Cash & Short-term Investments | $128M | 13.8% of assets |
| Accounts Receivable | $103M | 11.2% of assets |
| Inventory | $170M | 18.4% of assets |
| Total Liabilities | $100M | 10.8% 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.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| INSP Inspire Medical Systems, Inc. | ▲ | $1.99B |
| SYK Stryker Corp | ▼ | $113.02B |
| MMM 3m Co | ▶ | $84.97B |
| BSX Boston Scientific Corp | ▼ | $64.33B |
| BDX Becton Dickinson & Co | ▼ | $52.23B |
| MDLN Medline Inc. | ▶ | $47.28B |
| RMD Resmed Inc | ▼ | $34.47B |
| DXCM Dexcom Inc | ▼ | $32.47B |
| WST West Pharmaceutical Services Inc | ▼ | $27.03B |
| SOLV Solventum Corp | ▼ | $14.61B |
| BAX Baxter International Inc | ▼ | $13.07B |
| PEN Penumbra Inc | ▼ | $12.64B |
| GMED Globus Medical Inc | ▼ | $10.30B |
| PODD Insulet Corp | ▼ | $9.79B |
| GKOS Glaukos Corp | ▲ | $9.72B |
| TFX Teleflex Inc | ▼ | $5.53B |
| HAE Haemonetics Corp | ▶ | $5.38B |
| MMSI Merit Medical Systems Inc | ▼ | $5.33B |
| STVN Stevanato Group S.P.A. | ▲ | $5.16B |
| MMED Minimed Group, Inc. | ▲ | $4.92B |
| HTFL Heartflow, Inc. | ▲ | $4.20B |
| ICUI Icu Medical Inc/De | ▼ | $4.08B |
| IRTC Irhythm Holdings, Inc. | ▼ | $3.58B |
| PLSE Pulse Biosciences, Inc. | ▲ | $3.17B |
| ATRC Atricure, Inc. | ▲ | $2.85B |
| UFPT Ufp Technologies Inc | ▼ | $2.26B |
| LMAT Lemaitre Vascular Inc | ▶ | $1.85B |
| NVCR Novocure Ltd | ▲ | $1.64B |
| KMTS Kestra Medical Technologies, Ltd. | ▲ | $1.62B |
| ATEC Alphatec Holdings, Inc. | ▲ | $1.62B |
| TNDM Tandem Diabetes Care Inc | ▲ | $1.13B |
| IRMD Iradimed Corp | ▶ | $1.13B |
| DRTS Alpha Tau Medical Ltd. | ▶ | $1.08B |
| AORT Artivion, Inc. | ▶ | $1.06B |
| IART Integra Lifesciences Holdings Corp | ▶ | $1.03B |
| PRCT Procept Biorobotics Corp | ▲ | $1.01B |
| BVS Bioventus Inc. | ▶ | $908M |
| SIBN Si-Bone, Inc. | ▶ | $882M |
| BBNX Beta Bionics, Inc. | ▲ | $863M |
| SGP Spyglass Pharma, Inc. | ▶ | $803M |
| MDXG Mimedx Group, Inc. | ▲ | $646M |
| KIDS Orthopediatrics Corp | ▶ | $573M |
| SSII Ss Innovations International, Inc. | ▲ | $517M |
| TCMD Tactile Systems Technology Inc | ▼ | $510M |
| DCTH Delcath Systems, Inc. | ▲ | $497M |
| ANGO Angiodynamics Inc | ▲ | $473M |
| SGHT Sight Sciences, Inc. | ▲ | $456M |
| BWAY Brainsway Ltd. | ▶ | $448M |
| CERS Cerus Corp | ▶ | $439M |
| NPCE Neuropace Inc | ▶ | $420M |
| RCEL Avita Medical, Inc. | ▲ | $403M |
| OFIX Orthofix Medical Inc. | ▼ | $382M |
| CARL Carlsmed, Inc. | ▲ | $366M |
| EMBC Embecta Corp. | ▶ | $355M |
| OBIO Orchestra Biomed Holdings, Inc. | ▲ | $328M |
| CLPT Clearpoint Neuro, Inc. | ▲ | $277M |
| MOBI Mobia Medical, Inc. | ▼ | $269M |
| ANIK Anika Therapeutics, Inc. | ▶ | $267M |
| TMCI Treace Medical Concepts, Inc. | ▲ | $252M |
| OSUR Orasure Technologies Inc | ▲ | $249M |
Where INSP sits on the market map
Industrial Applications and Services · Surgical & Medical Instruments & Apparatus
News
Inspire Medical Systems, Inc. (INSP) stock news
Inspire Medical Systems, Inc. Announces Approval of New Hypoglossal Nerve Stimulation CPT® Codes by the AMA Editorial Panel
Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with ...
Inspire Medical Systems, Inc. (INSP) Q1 2026 Earnings Call Transcript
Good afternoon. My name is [ Dilem ], and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Inspire Medical Systems First Quarter 2026 Conference Call.
FAQ
Inspire Medical Systems, Inc. (INSP) stock forecast FAQ
What is the Inspire Medical Systems, Inc. (INSP) stock forecast?
Our AI ranks Inspire Medical Systems, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact 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 9.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 -6.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 Oct. 16, 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.