Monthly Stock Report: Intuitive Surgical, Inc. (ISRG)
Publication Date: September 22, 2024
Company Overview
Intuitive Surgical, Inc. (ISRG) is a pioneering company based in Sunnyvale, California, and a leader in the healthcare industry, specializing in Medical Instruments and Supplies. Since its inception in 1995, Intuitive Surgical has focused on developing innovative products that enhance minimally invasive surgical procedures. The flagship product, the da Vinci Surgical System, has revolutionized surgery by allowing for high-precision operations with less impact on patients. Complementing this, the company’s Ion endoluminal system is designed for diagnostic applications, such as minimally invasive lung biopsies. Through these advanced technologies and integrated digital solutions, Intuitive Surgical improves surgical outcomes and boosts the efficiency of medical facilities.
Financial Performance & Investment Outlook
Intuitive Surgical has demonstrated strong financial health with a total revenue of approximately $7.57 billion, reflecting robust demand for its offerings. Analysts have set a high price target of $586.00 for ISRG, indicating substantial upside potential from the current stock price of $486.20. This favorable outlook is corroborated by a target mean price of $490.63, suggesting a momentum toward positive price action. The stock has shown stability, trading near its fifty-two week high of $496.18, which further emphasizes investor confidence in its performance.
Additionally, with 355,353,984 outstanding shares and a short interest percentage of only 0.0112%, market sentiment toward Intuitive Surgical remains cautiously optimistic. The overall short selling activity indicates a lack of aggressive bearish sentiment, further enhancing the attractiveness of this stock as a potential investment.
Summary of Analyst Recommendations
The consensus among 25 analysts is a “buy” rating for Intuitive Surgical, supported by a mean recommendation score of 2.0. This strong endorsement underscores a positive outlook for the stock in the near to medium term. The analysis reflects a potential target range that spans from a low of $410.00 to a high of $586.00, allowing for extensive growth possibilities as the healthcare sector continues to evolve. With consistent demand for minimally invasive surgical solutions and strong market positioning, Intuitive Surgical holds promising potential for investors looking to capitalize on advancements in the healthcare industry.
| Metric | Value |
|---|---|
| Market Cap | $172.8b |
| Total Debt | N/A |
| Total Cash | $4.8b |
| Shares Outstanding | 355.4m |
| Float Shares | 353.2m |
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