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.
Published first on TheFly
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