Intuitive Surgical Analysts Boost Their Forecasts Following Strong Q2 Earnings
Portfolio Pulse from Lisa Levin
Intuitive Surgical, Inc. (NASDAQ:ISRG) reported better-than-expected Q2 earnings of $1.42 per share, beating market estimates of $1.33 per share. The company's quarterly sales were $1.756 billion, higher than the expected $1.74 billion. Despite the positive earnings report, the company's shares fell 4.2% to $333.00 in pre-market trading. Analysts from Wells Fargo and RBC Capital have increased their price targets on Intuitive Surgical following the earnings announcement.
July 21, 2023 | 11:56 am
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Intuitive Surgical reported better-than-expected Q2 earnings and sales, but its shares fell in pre-market trading. Analysts have raised their price targets on the company.
Intuitive Surgical's better-than-expected earnings and sales should have a positive impact on its stock. However, the company's shares fell in pre-market trading, indicating a possible negative sentiment among investors. The increased price targets from analysts suggest a positive outlook for the company's stock in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100