Hi Tushar,
Most of your mock scores are in the range of 690-730. Only in one mock test you scored 760. So I wouldn't take that as a measurement to retake.
If you had scored 740+ in all mocks and got 720, then yeah.
And also keep in mind that the scores vary +/-30 points from your mock.
Again, retaking the test after 720 is a personal choice. If you want to get that extra 20-40 points that would significantly improve your chances in your target school, you can obviously retake it.
All the best and congrats on a good score.
Regards,
GNPTH.
Thank you so much for responding. I was more concerned about my verbal score than the overall score. V35 looked too low for the amount of preparation I put in. Anyways, you are right about the 720 being close to my mean score. I was lucky to have gotten a top score in Quant. Nevertheless, I hope that the 720 will get me an admit in R1. Else, GMAT retake seems like the best possible way to get a spike in my profile in such a short time.