Overview
- Following a strong October, Forbes highlights a Trefis model that sees Intuitive Surgical shares potentially reaching $699, with the stock recently around $544.
- Intuitive Surgical’s Oct. 21 results beat expectations, with revenue up 23% year over year to $2.51 billion as system sales climbed 33%.
- Adjusted profitability improved as net margins rose to 34.5% and diluted EPS increased to $2.40.
- The stock rose 12.9% the day after earnings and finished October up about 19.5%, according to S&P Global Market Intelligence.
- Trefis cites robust growth and a strong balance sheet, noting no debt and $4.9 billion in cash, while Benzinga’s automated look-back estimates $1,000 invested 20 years ago would be worth about $53,203 at recent prices.