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Intuitive Surgical Analysts Boost Their Forecasts Following Strong Q2 Earnings

Intuitive Surgical, Inc. (NASDAQ: ISRG) reported better-than-expected earnings for its second quarter.
byLisa Levin
July 21, 2023
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Intuitive Surgical, Inc. (NASDAQ: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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