Intuitive Surgical, Inc. ISRG reported better-than-expected earnings for its second quarter.
Intuitive Surgical posted quarterly earnings of $1.42 per share, beating market estimates of $1.33 per share. The company’s quarterly sales came in at $1.756 billion versus expectations of $1.74 billion.
Intuitive Surgical shares fell 4.2% to $333.00 in pre-market trading.
These analysts made changes to their price targets on Intuitive Surgical following earnings announcement.
- Wells Fargo boosted the price target on Intuitive Surgical from $310 to $386. Wells Fargo analyst Larry Biegelsen maintained an Overweight rating.
- RBC Capital increased the price target on Intuitive Surgical from $355 to $360. RBC Capital analyst Shagun Singh maintained an Outperform rating.
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