Evercore analyst Vijay Kumar maintains $Intuitive Surgical (ISRG.US)$ with a hold rating, and adjusts the target price from $385 to $490.
According to TipRanks data, the analyst has a success rate of 56.7% and a total average return of 5.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Intuitive Surgical (ISRG.US)$'s main analysts recently are as follows:
Intuitive Surgical's third-quarter earnings outperformance was highlighted by solid results, driven by placements of the Da Vinci 5 system, significant growth in procedure volume, and maintained margins. Furthermore, the company's management has adjusted its full-year procedure volume growth forecast, now anticipating an increase to a range between 16%-17%, factoring in potential fluctuations in bariatric procedures and the challenging environment in Asia, including ongoing physician strikes in Korea.
The expectation is that the Street is anticipating a significant revenue outperformance for FY25. This comes in the wake of the company's quarterly report, after which estimates for FY25 EPS were increased by approximately 3%.
Intuitive Surgical reported 'strong' third-quarter results, with the two most crucial metrics - new system placements and growth in procedures - surpassing expectations. Following the approval of the da Vinci 5 in the U.S., the company is witnessing significant growth momentum. The initial uptake of the DV5 is progressing faster than the fourth-generation system's launch, with promising signs that suggest a potential growth acceleration in the year 2025.
Note:
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