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Baird raises Intuitive Surgical shares goal, highlights new product launches By Investing.com
The Tycoon Herald > Business > Baird raises Intuitive Surgical shares goal, highlights new product launches By Investing.com
Business

Baird raises Intuitive Surgical shares goal, highlights new product launches By Investing.com

Tycoon Herald
By Tycoon Herald 2 Min Read Published July 16, 2024
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Baird raises Intuitive Surgical shares goal, highlights new product launches By Investing.com

On Tuesday, Baird, a monetary providers firm, elevated the value goal for Intuitive Surgical (NASDAQ:) shares to $487.00, up from the earlier goal of $436.00. The agency has additionally reaffirmed its Outperform score on the inventory.

The revised value goal displays the analyst’s expectation of a powerful second-quarter efficiency and the potential for adjusted earnings per share (EPS) progress sooner or later, pushed by the corporate’s new product launches.

The analyst anticipates that Intuitive Surgical is not going to solely report one other strong quarter but additionally doubtlessly increase future steering. The main target is especially on the corporate’s next-generation da Vinci 5 (dV 5) system and its affect on long-term earnings.

The optimism follows encouraging indicators from the corporate’s first-quarter report, which has led to a extra constructive outlook for the corporate’s income and EPS progress within the coming years.

Regardless of Intuitive Surgical’s excessive valuation, with its price-to-earnings (PE) ratio roughly 3.1 occasions the subsequent twelve months (NTM) PE of the , the best relative stage in over a decade, Baird means that the corporate’s funding attraction stays robust.

The agency believes that Intuitive Surgical’s entry into large-cap medical know-how by new product cycles and anticipated out-year EPS progress will proceed to draw traders.

The analyst additionally notes that so long as consensus estimates for the corporate’s earnings proceed to pattern upward, Intuitive Surgical ought to be capable to maintain its premium market a number of. The corporate’s inventory efficiency is anticipated to stay strong post-second-quarter outcomes, supplied that the earnings estimates are transferring in a positive route.

In abstract, Baird’s up to date value goal and maintained Outperform score for Intuitive Surgical are primarily based on the corporate’s potential for continued monetary outperformance, pushed by product innovation and favorable earnings tendencies.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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