Intuitive Surgical Unusual Options Activity For March 18
Portfolio Pulse from Benzinga Insights
Intuitive Surgical (NASDAQ:ISRG) has seen unusual options activity, with a bearish sentiment prevailing among deep-pocketed investors. Benzinga's options scanner revealed 14 extraordinary activities, with a majority being bearish. The options trades suggest a price target range of $330.0 to $490.0 for ISRG. The company, known for its da Vinci robotic surgical systems, has over 8,600 installations worldwide. Currently, ISRG's stock is slightly down with a price of $394.86, and an analyst from Stifel has set a new price target of $420.
March 18, 2024 | 7:30 pm
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Intuitive Surgical has experienced unusual options activity indicating a bearish sentiment among investors, with a price target range of $330 to $490. Stifel analyst lowers rating to Buy with a target of $420.
The bearish sentiment among investors, highlighted by the unusual options activity, suggests a potential short-term downside for ISRG. The adjustment of the stock rating by Stifel to Buy, along with a specific price target of $420, further supports the expectation of a negative impact on the stock price in the short term. The significant attention from options traders and the analyst's revised outlook are key factors influencing this assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100