Intuitive Surgical (ISRG): Oppenheimer takes tgt to $270
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Price: $378.81 +1.16%
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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From Notable Calls
Oppenheimer is out positive on Intuitive Surgical (NASDAQ: ISRG) upping their tgt to $270 from $255 after the co was featured at the Mayo Clinic Techniques in the Advanced Endoscopic and Robotic Gynecologic Surgery conference last week. Approximately 150-200 physicians attended this event and judging by the full conference room the firm estimates the event may have sold out. They came away from the meeting believing Intuitive has the ability to address more than just the hysterectomy in the GYN area. Firm spoke with several physicians who were extremely interested in incorporating the da Vinci into their practice. ISRG was also highlighted the da Vinci at the American Urogynecologic Society annual meeting in Hollywood, Florida over the weekend.
After attending these meetings and speaking with GYN physicians, the firm feels utilization may be increasing faster than they had expected. In their newest model, they have slightly tweaked utilization upwards. Based upon this change, firm's estimated revenue has increased from $750.0mm to $768.9mm. EPS forecast has increased from $4.24 to $4.50.
Maintains Buy.
Notablecalls: This is the new Street high tgt for ISRG. Even more importantly, I suspect OpCo's comments may cause other firms to take a look at their utilization ests in the n-t. Expect the call to create buy interest in ISRG stock today, possibly pushing it to a new all time high.
For more calls go to http://notablecalls.blogspot.com/
Oppenheimer is out positive on Intuitive Surgical (NASDAQ: ISRG) upping their tgt to $270 from $255 after the co was featured at the Mayo Clinic Techniques in the Advanced Endoscopic and Robotic Gynecologic Surgery conference last week. Approximately 150-200 physicians attended this event and judging by the full conference room the firm estimates the event may have sold out. They came away from the meeting believing Intuitive has the ability to address more than just the hysterectomy in the GYN area. Firm spoke with several physicians who were extremely interested in incorporating the da Vinci into their practice. ISRG was also highlighted the da Vinci at the American Urogynecologic Society annual meeting in Hollywood, Florida over the weekend.
After attending these meetings and speaking with GYN physicians, the firm feels utilization may be increasing faster than they had expected. In their newest model, they have slightly tweaked utilization upwards. Based upon this change, firm's estimated revenue has increased from $750.0mm to $768.9mm. EPS forecast has increased from $4.24 to $4.50.
Maintains Buy.
Notablecalls: This is the new Street high tgt for ISRG. Even more importantly, I suspect OpCo's comments may cause other firms to take a look at their utilization ests in the n-t. Expect the call to create buy interest in ISRG stock today, possibly pushing it to a new all time high.
For more calls go to http://notablecalls.blogspot.com/
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