Intuitive Surgical price target raised to $560 from $475 at Freedom Capital

Freedom Capital analyst Ilya Zubkov raised the firm’s price target on Intuitive Surgical (ISRG) to $560 from $475 and keeps a Hold rating on the shares after “better-than-expected” Q3 earnings. Freedom Capital told investors that despite margin pressure from tariffs and mix, operating leverage and robust demand propelled profitability ahead of expectations, prompting a sharp post-print re-rating despite year-to-date underperformance versus the sector and the broader market. The firm said it maintained a Hold rating as positive expectations may already be reflected in the current valuation.