Truist Securities Reiterates Buy Rating on Intuitive Surgical (ISRG)

Truist Securities analyst Richard Newitter reiterated a Buy rating and $570.00 price target on Intuitive Surgical (NASDAQ: ISRG).

The analyst comments "ISRG delivered 3Q rev/EPS upside as growth accelerated both on sales & EPS. The qtr saw a big US system beat (incl 110 D5 vs our 78 est), procedure upside (18% y/ y vs. ~17% CNS, helped by an extra sell-day), & mgn overage, which translated to +26% EPS y/y. D5 upside in its 'soft launch' is particularly encouraging & increases our confidence in further est. upside /growth accel. into '25 (full-launch planned mid-next yr). ISRG remains a preferred lgcp delivering mid-to-high teens+ rev/EPS growth & one of the more exciting prod cycles in MedTech that shld sustain an already substantial lead in a big/underpenetrated robotic oppty. Reit. Buy "

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 $473.73 yesterday.

You May Also Be Interested In

• Jefferies Starts United Overseas Bank Ltd. (UOB:SP) (UOVEY) at Buy
• Lupin (LPC:IN) PT Lowered to INR2,500 at HSBC
• Innovent Biologics Inc. (1801:HK) (IVBXF) PT Raised to HK$128 at Bernstein SocGen Group