ThinkEquity Raises Price Target on Intuitive Surgical (ISRG) Ahead of Q1 Results Next Week

ThinkEquity's Spencer Nam boosted his price target on shares of Intuitive Surgical (NASDAQ: ISRG) by nearly 13 percent from $550 to $620 Thursday morning. The analyst maintains a Buy rating on the stock.

Intuitive Surgical shares are up about 2.2 percent to $551.89 at last check. Nam's new price target suggests potential upside of about 12 percent from where the stock is currently trading.

The increased target comes ahead of Intuitive's first-quarter earnings report, expected out on Tuesday, April 17th. The Street consensus sits at $3.14 per share for earnings and $463.8 million for sales.

For an analyst ratings summary and ratings history on Intuitive Surgical click here. For more ratings news on Intuitive Surgical click here.

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