RBC Capital has revised its price target for Intuitive Surgical (ISRG, Financial), lowering it from $670 to $630, while maintaining an Outperform rating. This adjustment comes as part of a broader evaluation of the medical device sector's performance for the first quarter.
The firm anticipates that the companies in this category, including Intuitive Surgical, are likely to surpass market expectations due to strong trends in Q1 procedure volume and capital placements. These trends have been influenced by typical seasonal patterns.
Moreover, foreign exchange movements have become favorable for large-cap medical device companies with extensive international operations. However, these positive FX impacts are yet to be reflected in the consensus estimates for Q1 and projections for 2025.
Regarding tariffs, RBC Capital suggests that several companies in the sector should soon clarify their impacts. Fortunately, many firms have a minimal tariff exposure due to a significant U.S. manufacturing presence, which offers a competitive edge compared to other large-cap companies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Intuitive Surgical Inc (ISRG, Financial) is $626.45 with a high estimate of $700.00 and a low estimate of $510.00. The average target implies an upside of 27.81% from the current price of $490.13. More detailed estimate data can be found on the Intuitive Surgical Inc (ISRG) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, Intuitive Surgical Inc's (ISRG, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Intuitive Surgical Inc (ISRG, Financial) in one year is $485.26, suggesting a downside of 0.99% from the current price of $490.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Intuitive Surgical Inc (ISRG) Summary page.
