William Blair analyst Brandon Vazquez has maintained their bullish stance on ISRG stock, giving a Buy rating on March 14.
Brandon Vazquez has given his Buy rating due to a combination of factors observed at the recent SAGES meeting. The conference highlighted a significant trend in the medical field where robotic surgeries are increasingly being adopted as the standard of care. This shift is driven by a growing demand from new surgeons who are more inclined towards robotic procedures, indicating a robust future for this technology.
Vazquez notes that this trend is so pronounced that it is affecting traditional surgical training, with new residents receiving less training in laparoscopic techniques. This suggests a strong and sustained demand for robotic systems, which positions Intuitive Surgical well for continued growth. The company’s ability to capitalize on this shift in surgical practice supports the Buy rating, as it is expected to drive increased adoption and utilization of their robotic systems in the coming years.
In another report released on March 14, Morgan Stanley also maintained a Buy rating on the stock with a $650.00 price target.
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