Morgan Stanley analyst Drew Ranieri maintains $Intuitive Surgical (ISRG.US)$ with a hold rating, and adjusts the target price from $475 to $522.
According to TipRanks data, the analyst has a success rate of 38.6% and a total average return of -6.1% 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 recent quarterly earnings surpassed expectations, signaling a robust period driven by the deployment of the Da Vinci 5 system, significant growth in procedure volumes, and effective margin management. Furthermore, company leadership has revised the forecast for procedure volume growth for the fiscal year upwards, accounting for potential variations in bariatric procedures and the current challenges encountered in Asian markets, particularly due to ongoing physician strikes in Korea.
Expectations appear to be set for a significant revenue outperformance for FY25, as reflected in current market sentiments. Following the company's quarterly financial disclosure, it was observed that there's an approximate 3% increase in the anticipated earnings per share for FY25.
The company has reported robust third-quarter results, exceeding expectations in two key areas - the placement of their DV5 systems and the growth in procedures. Following the U.S. approval of the da Vinci 5, the company is experiencing significant growth momentum. The early adoption of the DV5 is surpassing the initial adoption of its predecessor, indicating a promising potential for accelerated growth as we look towards 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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