UPDATE: Dougherty & Company Initiates Buy, $650 PT on Intuitive Surgical - Intuitive Surgical (NASDAQ:ISRG)

27% profits every 20 days?

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Dougherty & Company initiates its coverage on Intuitive Surgical (NASDAQ: ISRG) with a Buy rating and a price target of $650, reflecting a healthy market outlook for the company's Da Vinci System. Dougherty & Company says, "We believe the W/W market for the da Vinci System is roughly 4,000 machines with a total market value of approximately $6.0B. We view the U.S. market as a replacement/expansion market and international customers as the greenfield opportunity. As of YE11, the company had a total W/W installed base of 2,132 machines (roughly 53% penetrated), with a 73:27 U.S./International split."ISRG closed at $539.07

27% profits every 20 days?

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