Goldman Sachs upgraded shares of Intuitive Surgical (NASDAQ: ISRG) from a neutral rating to a buy rating in a report issued on Friday. They currently have $715.00 target price on the stock, up from their previous target price of $591.00.
“ISRG shares have stalled out LTM (-100bp vs. SPX) as debate regarding future growth has intensified. Our diligence and reported results, however, suggest that fundamentals are improving and a path toward further revenue/EPS upside is once again emerging. We are raising our forecasts to reflect more significant adoption in general surgery as well as new tech add-ons to support mix upgrades.,” Goldman Sachs’ analyst wrote.
Shares of Intuitive Surgical traded down 0.17% during mid-day trading on Friday, hitting $565.37. Intuitive Surgical has a 52 week low of $467.26 and a 52 week high of $594.89. The stock’s 50-day moving average is currently $551.. The company has a market cap of $22.687 billion and a P/E ratio of 35.44.
A number of other firms have also recently commented on ISRG. Analysts at Raymond James reiterated an outperform rating on shares of Intuitive Surgical in a research note to investors on Tuesday, February 19th. They now have a $620.00 price target on the stock. Separately, analysts at SunTrust reiterated a buy rating on shares of Intuitive Surgical in a research note to investors on Friday, February 15th. They now have a $649.00 price target on the stock. Finally, analysts at William Blair reiterated an outperform rating on shares of Intuitive Surgical in a research note to investors on Thursday, February 7th.
Ten investment analysts have rated the stock with a buy rating, one has given an overweight rating, six have issued a hold rating, and one has assigned a sell rating to the company. Intuitive Surgical has an average rating of overweight and a consensus target price of $630.83.
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