Intuitive Surgical, Inc. ISRG reported better-than-expected Q1 results.
Intuitive Surgical posted adjusted earnings of $1.23 per share, beating analysts’ estimates of $1.20 per share. The company’s sales came in at $1.70 billion, versus expectations of $1.59 billion.
Intuitive Surgical shares rose 11.4% to trade at $299.99 on Wednesday
These analysts made changes to their price targets on Intuitive Surgical following earnings announcement.
- Citigroup raised the price target on Intuitive Surgical from $305 to $317. Citigroup analyst Joanne Wuensch maintained the stock with a Buy.
- Raymond James raised the price target on Intuitive Surgical from $270 to $323. Raymond James analyst Jason Bednar maintained an Outperform rating.
- Wells Fargo raised the price target on Intuitive Surgical from $289 to $310. Wells Fargo analyst Larry Biegelsen maintained the stock with an Overweight rating.
- Mizuho increased the price target on Intuitive Surgical from $250 to $300. Mizuho analyst Anthony Petrone maintained the stock with a Neutral.
- B of A Securities raised the price target on Intuitive Surgical from $300 to $315. B of A Securities analyst Travis Steed maintained the stock with a Buy.
- Truist Securities boosted the price target on Intuitive Surgical from $300 to $325. Truist Securities analyst Richard Newitter maintained a Buy rating on the stock.
- Morgan Stanley raised the price target from $265 to $285. Morgan Stanley analyst Cecilia Furlong maintained Intuitive Surgical with an Equal-Weight.
- RBC Capital boosted the price target on the stock from $305 to $309. RBC Capital analyst Shagun Singh maintained Intuitive Surgical with an Outperform.
- JP Morgan increased the price target on the stock from $250 to $335. JP Morgan analyst Robbie Marcus maintained Intuitive Surgical with an Overweight rating.
Read More: Investor Optimism Declines Following Earnings Reports
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