How Intuitive Surgical Stock Has Performed in the Last Month


Dec. 4 2020, Updated 10:52 a.m. ET

Price performance

From a low of $376.92 on January 4, Intuitive Surgical (ISRG) stock rose to a high of $581.12 on October 1. Subsequently, amid broader market turmoil, Intuitive stock corrected to $477.86 on October 29.

The stock managed to steadily recover to $548.93 on December 3, but it saw a 5.5% correction and closed at $518.82 on December 4.

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Financial snapshot

Intuitive Surgical’s revenue rose 14.24% from $806.1 million in the third quarter of 2017 to $920.9 million in the third quarter of 2018. The company’s revenue in the fourth quarter is expected to be $1.03 billion.

Intuitive’s gross margin contracted from 71.78% in the third quarter of 2017 to 71.49% in the third quarter of 2018. The company’s 2018 and 2019 gross margins are expected to be 71.04% and 71.19%, respectively.

From $660.0 million in 2017, the company’s net income is expected to rise to $1.15 billion in 2018 and $1.24 billion in 2019.

Analysts’ recommendations

In December, of the 19 analysts covering Intuitive Surgical, 13 have given the stock “buy” or higher ratings, five have given it “hold” ratings, and one has given it a “sell” rating. The mean rating for Intuitive Surgical is 2.0, and its target price is $583.81, implying a potential upside of 13.4% over its trading price of $512.02 on December 6.

In the next article, we’ll explore the price performance of Tandem Diabetes Care.


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