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ISRG

Intuitive Surgical

$525.36

-2.31 (-0.44%)

14:29
07/19/18
07/19
14:29
07/19/18
14:29

On The Fly: What to watch in Intuitive Surgical earnings report

Intuitive Surgical (ISRG) is scheduled to report results of its second fiscal quarter after the market close on July 19, with a conference call scheduled for 4:30 pm EDT. What to watch for 1. PROCEDURAL GROWTH: Along with its first quarter report out in mid-April, Intuitive Surgical raised the lower end of its much-watched procedural growth view for FY18 to 12%-15% from 11%-15%. The company noted that Q1 procedure growth was driven by general surgery. The robotic surgery company said expects its lead molecular agent to enter Phase 2 trial. 2. GROWTH PROSPECTS INTACT: Following its Q1 report, analysts were for the most part in agreement on Inuitive's growth prospects. After the company's earnings beat in April, RBC Capital analyst Brandon Henry raised his price target on Intuitive Surgical to $460. Henry said the momentum in the company's general surgery business continues, allowing it to continue accelerated investment on several pipeline technologies which could expand its total addressable market and retain its status as the premium player in the surgical robotics market. Morgan Stanley analyst David Lewis said Intuitive Surgical's results beat even his "bullish expectations." The analyst, who said he sees Intuitive heading into "the most catalyst rich cycle" in its history, raised his price target on the stock to $525 from $500 and kept an Overweight rating on the shares. 3. GLOBAL ROBOTIC SURGERY MARKET: According to a recent report out of BIS Research, titled "Global Minimally Invasive Surgical Systems Market- Analysis and Forecast, 2018-2025," the global minimally invasive surgical systems market is estimated to grow over $40.52B by 2025. Intuitive Medical is currently leading the surgical robotics market space, occupying approximately 70% of the market, according to the BIS study.

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  • 27

    Aug

ISRG Intuitive Surgical
$525.36

-2.31 (-0.44%)

05/31/18
PIPR
05/31/18
NO CHANGE
Target $460
PIPR
Neutral
Intuitive Surgical shares to get lift on new FDA clearance, says Piper Jaffray
Though most expected clearance, Intuitive Surgical shares tomorrow will likely get a lift from the FDA approval for da Vinci Sp for urological procedures, Piper Jaffray analyst Matt O'Brien tells investors in a research note. Given the large number of inpatient invasive procedures of this kind, this will be a meaningful platform in the coming years, O'Brien adds. He keeps a Neutral rating on Intuitive Surgical, however, saying expectations are already quite high for the company to beat numbers.
06/05/18
CANT
06/05/18
NO CHANGE
Target $510
CANT
Overweight
Medtronic robot delay 'clear positive' for Intuitive Surgical, says Cantor
Medtronic (MDT) today at its analyst meeting said it expects commercial launch of its surgical robot in fiscal 2020, which is roughly a year delay compared to the company's prior expectations, Cantor Fitzgerald analyst Craig Bijou tells investors in a research note partially titled "ISRG's Headstart Gets Bigger." The analyst views the revised timing of the commercial launch of Medtronic's robot as a "clear positive" for Intuitive Surgical (ISRG). With the commercial launches of the Medtronic and Johnson & Johnson (JNJ) robots at least 18 months away, Intuitive should continue to grow its global installed base, further advancing its global surgical robotics leadership position, Bijou writes. He reiterates his Overweight rating on the shares with a $510 price target. The stock in afternoon trading is up $8.46 to $486.39.
06/18/18
PIPR
06/18/18
NO CHANGE
Target $96
PIPR
Overweight
Piper continues to recommend Medtronic after management meeting
After meeting with management, Piper Jaffray analyst Matt O'Brien continues to recommend building positions in Medtronic (MDT). The analyst views management's 4% plus revenue outlook over the next several years as "readily achievable and likely conservative." Management noted that given the low penetration rates of surgery performed on robots, they did not see a reason to be aggressive on pricing of their system once they get it to market, O'Brien tells investors in a research note. He believes that is a positive comment for Intuitive Surgical (ISRG). The analyst keeps an Overweight rating on Medtronic with a $96 price target.
06/27/18
BERN
06/27/18
INITIATION
Target $560
BERN
Outperform
Intuitive Surgical initiated with an Outperform at Bernstein
Bernstein analyst Lee Hambright started Intuitive Surgical with an Outperform rating and $560 as he believes it is a sustainable growth story. The analyst sees multiple durable growth drivers, namely U.S. hernia adoption, "catch-up" penetration OUS, and a strong new product cycle.

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, DAL

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$NYE

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KEYS

Keysight Technologies

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WBK

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