Intuitive Surgical (ISRG) PT Lowered to $285 at Stifel

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Go back to Intuitive Surgical (ISRG) PT Lowered to $285 at Stifel

Intuitive Surgical (ISRG) earnings release and call disappoint analysts

January 25, 2023 11:51 AM EST

Analysts were downbeat following Intuitive Surgical's (NASDAQ: ISRG) latest earnings release, which saw it miss earnings and revenue consensus expectations.

BTIG's Ryan Zimmerman cut his price target on the stock to $279 from $316, maintaining a Buy rating. He told investors in a note that the company's Multiport "head-fake" tanked the company's shares midway through its earnings call.

The analyst explained that expectations for a next-gen multiport robotic system have been building for multiple quarters,... More