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UPDATE: Cantor Fitzgerald Reiterates Hold Rating, Raises PT on Intuitive Surgical

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In a report published Wednesday, Cantor Fitzgerald reiterated its Hold rating on Intuitive Surgical (NASDAQ: ISRG), and raised its price target from $525.00 to $550.00.

Cantor Fitzgerald noted, “After two straight relatively tepid quarters (by its own standards), Intuitive posted a strong quarter in which it topped the Street (FactSet) on revenues, procedures, system sales, and EPS. Those more bullish may view 2013 guidance as conservative, particularly on the revenue side, but we view the high end as a likely result. Even with 20% top-line and high-teens bottom-line growth this year, we still view the stock as fairly valued with a multiple still north of 30x.”

Intuitive Surgical closed on Tuesday at $518.49.

Latest Ratings for ISRG

DateFirmActionFromTo
Jan 2016Morgan StanleyUpgradesEqual-weightOverweight
Nov 2015CitigroupInitiates Coverage onBuy
Jul 2015Canaccord GenuityUpgradesBuy

View More Analyst Ratings for ISRG
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

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