Citi Starts Intuitive Surgical (ISRG) at Buy

April 1, 2021 5:09 AM EDT
Get Alerts ISRG Hot Sheet
Price: $811.19 --0%

Rating Summary:
    20 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 57
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Citi analyst Joanne Wuensch initiates coverage on Intuitive Surgical (NASDAQ: ISRG) with a Buy rating and a price target of $862.00.

The analyst comments "Intuitive Surgical created the robotic surgery market, initially for prostatectomy procedures, but expanding into: Urology, Gynecology, General Surgery, Head and Neck, and Cardiothoracic procedures. Since the first system was introduced in 1999, it has developed five additional iterations that assist in minimally invasive surgery. The momentum is evident: 1) clinical data has been published in >24,000 peer reviewed publications; and 2) it now operates in 67 countries, with 5,989 systems currently in place, and more than 8.5M procedures performed worldwide through 2020. To put a finer point on it: every 25.4 seconds a surgeon starts a da Vinci procedure. Although Intuitive has revolutionized surgery, it has just begun to tap the six million procedures da Vinci is indicated for, with ~1.2M da Vinci surgeries performed in 2020."

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

Shares of Intuitive Surgical closed at $738.94 yesterday.



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