BofA Securities analyst Travis Steed maintains $Intuitive Surgical (ISRG.US)$ with a buy rating, and maintains the target price at $550.
According to TipRanks data, the analyst has a success rate of 65.1% and a total average return of 7.3% 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 bolstered by the placement of Da Vinci 5 systems, significant procedure volume growth, and consistent margin management. The company has revised its FY24 procedure volume growth forecast to a range of 16%-17%, with the adjusted lower end accounting for potential declines in bariatric procedures and persisting challenges in Asia, including ongoing physician strikes in Korea, while the upper end presumes stability in bariatric procedures and no escalation of headwinds in Korea and China.
The expectation is that the Street may be anticipating a significant revenue outperformance for FY25. This is following the company's quarterly report, after which projections for FY25 earnings per share were moderately increased by approximately 3%.
Intuitive Surgical's third-quarter performance was robust, surpassing projections in key areas such as DV5 placements and procedure growth. Post-launch growth momentum is significant, following the U.S. da Vinci 5 approval, with early uptake surpassing that of the fourth-generation system. These strong growth indicators hint at a potential uptick in acceleration by 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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