Deutsche Bank analyst Imron Zafar raised the firm’s price target on Intuitive Surgical to $245 from $230 and keeps a Hold rating on the shares post the Q4 results. The highly-anticipated launch of a next-generation multi-port da Vinci is not in the offing for 2023, the analyst tells investors in a research note. The firm expects the news from last night’s earnings call to exert some pressure on the stock given the growing investor excitement around an impending new product cycle.
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Published first on TheFly
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