Mizuho Securities analyst Anthony Petrone maintains $Intuitive Surgical (ISRG.US)$ with a hold rating, and adjusts the target price from $500 to $550.
According to TipRanks data, the analyst has a success rate of 51.4% and a total average return of 8.4% 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 Q3 earnings surpassed expectations, signaling a robust quarter propelled by significant placements of the Da Vinci 5 system, a strong increase in procedure volumes, and sustained margin discipline. Additionally, the company has elevated its FY24 procedure volume growth forecast to a range of 16%-17%, taking into account the potential for continued challenges in bariatric procedures and the impact of ongoing physician strikes in Korea, as well as the current state of affairs in China.
The sentiment that the market may be anticipating a substantial revenue outperformance for FY25 was expressed, particularly after the company's earnings report led to an approximate 3% increase in FY25 EPS estimates.
Intuitive Surgical exhibited 'strong' results for Q3, surpassing expectations in the two most crucial metrics - DV5 placements and procedure growth. Following the U.S. approval of the da Vinci 5, the company has quickly gained significant growth momentum. The early adoption of DV5 is progressing faster than the launch of the fourth-generation system, with promising indications of further growth acceleration as we approach 2025.
Note:
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