RBC Capital Reaffirms Their Buy Rating on Intuitive Surgical (ISRG)

In a report released on January 25, Shagun Singh Chadha from RBC Capital maintained a Buy rating on Intuitive Surgical (ISRGResearch Report), with a price target of $305.00. The company’s shares closed yesterday at $247.26.

According to TipRanks, Singh Chadha is a 2-star analyst with an average return of 0.0% and a 47.50% success rate. Singh Chadha covers the Healthcare sector, focusing on stocks such as Abbott Labs, Penumbra, and Edwards Lifesciences.

In addition to RBC Capital, Intuitive Surgical also received a Buy from Raymond James’s Jayson Bedford in a report issued on January 26. However, on January 25, Deutsche Bank maintained a Hold rating on Intuitive Surgical (NASDAQ: ISRG).

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Based on Intuitive Surgical’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.66 billion and a net profit of $324.9 million. In comparison, last year the company earned a revenue of $1.55 billion and had a net profit of $380.6 million

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Intuitive Surgical, Inc. manufactures and develops robotic-assisted products, most notably with the da Vinci surgical system and related instruments and accessories, to improve clinical outcomes of patients through minimally invasive surgery. Its products include Da Vinci and Ion. The company was founded in 1995 and is headquartered in Sunnyvale, California.

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