These Analysts Slash Their Forecasts On Intuitive Surgical Following Q2 Earnings

Intuitive Surgical Inc. (NASDAQ:ISRG) posted better-than-expected second-quarter results after Thursday’s closing bell.

Intuitive Surgical reported quarterly earnings of $2.80 per share, which beat the Street estimate of $2.50 by 12%, according to Benzinga Pro data. Quarterly revenue came in at $2.89 billion, which beat the analyst consensus estimate of $2.82 billion.

"We are pleased with company performance this quarter, which reflects the strength of our portfolio — from da Vinci and Ion to our growing digital solutions," said Dave Rosa, Intuitive CEO.

Intuitive Surgical shares fell 11.1% to $357.76 in pre-market trading.

These analysts made changes to their price targets on Intuitive Surgical following earnings announcement.

• BTIG analyst Ryan Zimmerman maintained the stock with a Buy and lowered the price target from $512 to $469.
• Baird analyst David Rescott maintained Intuitive Surgical with an Outperform rating and cut the price target from $525 to $500.

Considering buying ISRG stock? Here’s what analysts think:

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