BTIG has adjusted its price target for Intuitive Surgical (ISRG, Financial), reducing it from $560 to $542 while maintaining a Buy rating on the stock. This change comes after the company reported first-quarter procedure growth that surpassed market expectations by 240 basis points. However, its systems division underperformed, missing the target by 40 units.
The firm remains optimistic about Intuitive Surgical's ongoing performance, highlighting strong demand for its procedures and increased usage across all major platforms. Intuitive Surgical has expressed confidence by raising its procedural guidance, reflecting the company's positive outlook on its operational metrics.
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 $609.15 with a high estimate of $700.00 and a low estimate of $470.00. The average target implies an upside of 27.24% from the current price of $478.74. 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 $485.45, suggesting a upside of 1.4% from the current price of $478.74. 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.
