Wells Fargo Believes Intuitive Surgical (ISRG) Won’t Stop Here


In a report released yesterday, Larry Biegelsen from Wells Fargo maintained a Buy rating on Intuitive Surgical (ISRG). The company’s shares closed last Thursday at $741.00, close to its 52-week high of $778.83.

According to TipRanks.com, Biegelsen is a 5-star analyst with an average return of 16.9% and a 68.7% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Merit Medical Systems.

Intuitive Surgical has an analyst consensus of Moderate Buy, with a price target consensus of $697.31, which is a -6.0% downside from current levels. In a report issued on October 12, Raymond James also maintained a Buy rating on the stock with a $800.00 price target.

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Based on Intuitive Surgical’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $852 million and net profit of $68 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $318 million.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ISRG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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