Deutsche Bank Lifts Price Target on Intuitive Surgical (ISRG) to $200 Following GYN Conferences
ISRG Hot Sheet
Rating Summary:7 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 35
Deutsche Bank lifted its price target on Intuitive Surgical (Nasdaq: ISRG) to $200, while maintaing their Buy rating, saying recent gynecology conferences support the long-term outlook for robotic surgery for the industry.
Deutsche Bank's analyst said, "This past week, we attended two gynecology conferences, the American College of Obstetricians and Gynecologists and the inaugural World Robotic Gynecology Congress. Our overall takeaway—based on conversations with clinicians, meetings with senior management of ISRG and other companies, and the data presented at the meetings—was that robotic surgery continues to rapidly gain traction within GYN. We maintain our Buy rating based on the substantial market opportunity and ISRG's monopolist position, and have increased our PT to $200."
Shares of ISRG closed at $158.77 on Friday, leaving 26% upside to the $200 price target.
For more ratings on ISRG click here.
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