Boston Scientific (BSX)
NYSE:BSX
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Boston Scientific
(NYSE:BSX)
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Rating:68Neutral
Price Target:
$52.00
▼(-19.04% Downside)
Action:Reiterated
Date:05/18/26
The score is anchored by strong underlying financial performance (rising revenue scale, improving margins and returns) and a moderate P/E. It is offset by weak price trends and negative momentum (trading below all key moving averages) plus a more cautious earnings-call outlook with lowered guidance and margin/product headwinds.
Positive Factors
Scale & Margin Improvement
Sustained multi-year revenue scale and materially higher net margins strengthen durable profitability. Larger scale supports fixed-cost absorption, higher operating leverage, R&D and commercial investment capacity, and improved returns on equity, making earnings less cyclical and enabling long-term reinvestment.
Negative Factors
Material Absolute Debt
Although leverage ratios have improved, a large absolute debt load can constrain strategic flexibility if rates or cash flow deteriorate. Meaningful debt increases sensitivity to higher funding costs, may limit aggressive M&A or capex, and raises refinancing and covenant risks under adverse industry cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Margin Improvement
Sustained multi-year revenue scale and materially higher net margins strengthen durable profitability. Larger scale supports fixed-cost absorption, higher operating leverage, R&D and commercial investment capacity, and improved returns on equity, making earnings less cyclical and enabling long-term reinvestment.
Read all positive factors
Boston Scientific Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyBoston Scientific (BSX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$70.87B
Dividend YieldN/A
Average Volume (3M)22.11M
Price to Earnings (P/E)19.9
Beta (1Y)0.69
Revenue Growth17.44%
EPS Growth74.36%
CountryUS
Employees53,000
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)2.40
Shares Outstanding1,486,355,200
10 Day Avg. Volume25,875,264
30 Day Avg. Volume22,107,709
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)5.82
Price to Sales (P/S)7.03
P/FCF Ratio38.59
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue3.94
Enterprise Value/Gross Profit5.60
Enterprise Value/Ebitda17.07
Forecast
1Y Price Target
$80.87Price Target Upside25.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
EPS Forecast (FY)3.37
Revenue Forecast (FY)$21.64B
Boston Scientific Business Overview & Revenue Model
Company Description
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: MedSurg, Rhythm and Neuro, and Cardiovascular. The company offer...
How the Company Makes Money
Boston Scientific primarily makes money by selling single-use and implantable medical devices and related accessories to healthcare providers and purchasing organizations. Revenue is largely generated when hospitals and clinics purchase consumable...
Boston Scientific Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call reflected a mixed picture: a strong Q1 with organic growth and EPS above guidance, meaningful product and regional momentum (notably in EP/PFA, WATCHMAN clinical data, Asia Pacific), and solid capital priorities (buyback, Penumbra deal). However, management lowered near-term guidance and flagged several material headwinds — weaker Urology, some EP share pressure, margin compression (gross margin down 100 bps) and operational disruptions (POLARx discontinuation and supply issues) — leading to a more cautious full-year outlook. The company emphasizes confidence in longer-term strategy and product pipeline while taking near-term actions to control costs and invest commercially.Positive Updates
Quarterly Revenue and Organic Growth Beat Guidance
Q1 consolidated revenue of $5.203B, reported growth +11.6% vs Q1 2025; operational/organic revenue growth +9.4%, above guidance range of 8.5%–10%.
Negative Updates
Full-Year and Q2 Guidance Reduced
Company reduced Q2 organic growth guidance to 5%–7% and lowered full-year 2026 organic growth guidance to 6.5%–8.0%, citing unanticipated headwinds and changing business patterns.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue and Organic Growth Beat Guidance
Q1 consolidated revenue of $5.203B, reported growth +11.6% vs Q1 2025; operational/organic revenue growth +9.4%, above guidance range of 8.5%–10%.
Read all positive updates
Company Guidance
Boston Scientific updated 2Q and full‑year 2026 guidance: Q2 reported revenue growth 5.5%–7.5% (operational/organic 5.0%–7.0%) with Q2 adjusted EPS $0.82–$0.84; full‑year reported revenue growth 7.0%–8.5% (operational/organic 6.5%–8.0% after an assumed ~50 bp FX tailwind), full‑year adjusted EPS $3.34–$3.41 (up 9%–11% vs. 2025, including an ≈$0.04 FX headwind), and adjusted operating margin expansion of 50–75 bps (Q1 adjusted operating margin ~28%, Q1 adjusted gross margin 70.5%). They also expect full‑year free cash flow of ~$4.0 billion, a full‑year adjusted tax rate of ~12% (Q1 was 11.7%), Q1 consolidated revenue was $5.203B (11.6% reported growth including a 220 bp FX tailwind ≈$104M) and Q1 adjusted EPS was $0.80 (up 6%), the Penumbra transaction is excluded from guidance, and the Board approved a total $5B repurchase authorization with ~$2B intended to be repurchased in Q2.Boston Scientific Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.61B | 20.07B | 16.75B | 14.24B | 12.68B | 11.89B |
| Gross Profit | 14.52B | 13.85B | 10.27B | 8.83B | 7.71B | 7.46B |
| EBITDA | 4.76B | 3.73B | 3.94B | 3.45B | 2.74B | 2.52B |
| Net Income | 3.55B | 2.89B | 1.85B | 1.59B | 698.00M | 1.04B |
Balance Sheet | ||||||
| Total Assets | 44.35B | 43.67B | 39.40B | 35.14B | 32.47B | 32.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 2.04B | 414.00M | 865.00M | 928.00M | 1.93B |
| Total Debt | 11.03B | 12.42B | 11.15B | 9.49B | 9.28B | 9.45B |
| Total Liabilities | 18.25B | 19.20B | 17.39B | 15.61B | 14.90B | 15.61B |
| Stockholders Equity | 25.86B | 24.23B | 21.77B | 19.28B | 17.57B | 16.62B |
Cash Flow | ||||||
| Free Cash Flow | 3.44B | 3.66B | 2.65B | 1.70B | 914.00M | 1.32B |
| Operating Cash Flow | 4.34B | 4.53B | 3.44B | 2.50B | 1.53B | 1.87B |
| Investing Cash Flow | -2.73B | -2.64B | -5.69B | -2.57B | -2.01B | -1.60B |
| Financing Cash Flow | -888.00M | -395.00M | 1.81B | 5.00M | -548.00M | -95.00M |
Boston Scientific Technical Analysis
Negative
64.23
Price Trends
58.40
Negative
68.82
Negative
84.12
Negative
Market Momentum
-3.02
Positive
32.73
Neutral
7.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSX, the sentiment is Negative. The current price of 64.23 is above the 20-day moving average (MA) of 52.97, above the 50-day MA of 58.40, and below the 200-day MA of 84.12, indicating a bearish trend. The MACD of -3.02 indicates Positive momentum. The RSI at 32.73 is Neutral, neither overbought nor oversold. The STOCH value of 7.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BSX.
Boston Scientific Risk Analysis
Boston Scientific disclosed 28 risk factors in its most recent earnings report. Boston Scientific reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boston Scientific Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $94.69B | 20.81 | 9.54% | 2.76% | 8.43% | 3.17% | |
71 Outperform | $50.47B | 45.58 | 10.55% | ― | 13.81% | 22.90% | |
68 Neutral | $70.87B | 19.93 | 14.82% | ― | 17.44% | 74.36% | |
65 Neutral | $16.20B | 21.77 | 5.78% | 1.05% | 9.23% | -14.66% | |
63 Neutral | $112.44B | 33.85 | 15.22% | 0.95% | 8.84% | 16.34% | |
62 Neutral | $151.49B | 24.22 | 12.20% | 1.88% | 6.59% | -53.44% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
BSX
Boston Scientific
48.85
-53.98
-52.49%
ABT
Abbott Laboratories
90.78
-40.48
-30.84%
EW
Edwards Lifesciences
87.45
9.68
12.45%
MDT
Medtronic
81.93
-2.39
-2.83%
SYK
Stryker
301.21
-78.23
-20.62%
ZBH
Zimmer Biomet Holdings
86.69
-4.28
-4.70%
Boston Scientific Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Boston Scientific Invests in MiRus to Expand TAVR Portfolio
Positive
May 18, 2026
On May 18, 2026, Boston Scientific said it invested $1.5 billion for roughly a 34% non‑voting stake in MiRus, a private developer of biomaterials and implants, and secured an exclusive option to buy MiRus’s SIEGEL balloon‑expanda...
Business Operations and StrategyStock BuybackFinancial Disclosures
Boston Scientific Launches $2 Billion Accelerated Share Repurchase
Positive
May 18, 2026
Boston Scientific on May 18, 2026, entered into a $2 billion accelerated share repurchase agreement with JPMorgan Chase as part of its previously announced $5 billion buyback program, initially receiving about 30.4 million shares based on the May ...
Executive/Board ChangesShareholder Meetings
Boston Scientific Shareholders Approve Directors and Governance Changes
Positive
May 5, 2026
Boston Scientific held its 2026 annual meeting of stockholders on April 30, 2026, in a virtual-only webcast format, where shareholders elected all 10 director nominees to one-year terms and approved, on an advisory basis, the compensation of the c...
Business Operations and StrategyProduct-Related Announcements
Boston Scientific Reports Strong HI-PEITHO Trial Results for EKOS
Positive
Mar 30, 2026
On March 28, 2026, Boston Scientific announced positive results from the HI-PEITHO global randomized clinical trial showing that its EKOS Endovascular System, when used with anticoagulation, was superior to anticoagulation alone in treating patien...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.