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Boston Scientific
(NYSE:BSX)
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Rating:68Neutral
Price Target:
$47.00
▼(-26.83% Downside)
Action:Reiterated
Date:05/18/26
The score is anchored by strong underlying financial performance (rising revenue scale, improving margins and returns) and a moderate P/E. It is offset by weak price trends and negative momentum (trading below all key moving averages) plus a more cautious earnings-call outlook with lowered guidance and margin/product headwinds.
Positive Factors
Revenue and margin improvement
Sustained multi-year revenue scale and materially higher net margins indicate durable operating leverage and improved profitability. This supports ongoing reinvestment in R&D, commercial expansion, and resilience through procedure cycles, making profit growth less reliant on short-term top-line bursts.
Negative Factors
Absolute debt remains meaningful
Even with improving debt ratios, a multibillion-dollar absolute debt load increases interest-rate and refinancing exposure, constraining strategic flexibility. Large debt can limit capital deployment during industry stress and raise the cost of pursuing sizable acquisitions or sustained buybacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin improvement
Sustained multi-year revenue scale and materially higher net margins indicate durable operating leverage and improved profitability. This supports ongoing reinvestment in R&D, commercial expansion, and resilience through procedure cycles, making profit growth less reliant on short-term top-line bursts.
Read all positive factors
Boston Scientific Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyBoston Scientific (BSX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$64.00B
Dividend YieldN/A
Average Volume (3M)21.68M
Price to Earnings (P/E)17.9
Beta (1Y)0.66
Revenue Growth17.44%
EPS Growth74.36%
CountryUS
Employees53,000
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)2.40
Shares Outstanding1,486,355,200
10 Day Avg. Volume19,125,038
30 Day Avg. Volume21,681,740
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)5.82
Price to Sales (P/S)7.03
P/FCF Ratio38.59
Enterprise Value/Market Cap1.19
Enterprise Value/Revenue3.70
Enterprise Value/Gross Profit5.26
Enterprise Value/Ebitda13.49
Forecast
1Y Price Target
$73.70Price Target Upside14.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering23
EPS Forecast (FY)3.36
Revenue Forecast (FY)$21.62B
Boston Scientific Business Overview & Revenue Model
Company Description
Boston Scientific Corporation (BSX) operates as a global leader in medical technology, specializing in the design, manufacturing, and commercialization of innovative medical devices tailored for a diverse array of interventional medical specialtie...
How the Company Makes Money
Boston Scientific makes money primarily by selling single-use and implantable medical devices (and related accessories) to hospitals, clinics, and other healthcare providers, with revenue recognized from product sales across its medical device fra...
Boston Scientific Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call reflected a mixed picture: a strong Q1 with organic growth and EPS above guidance, meaningful product and regional momentum (notably in EP/PFA, WATCHMAN clinical data, Asia Pacific), and solid capital priorities (buyback, Penumbra deal). However, management lowered near-term guidance and flagged several material headwinds — weaker Urology, some EP share pressure, margin compression (gross margin down 100 bps) and operational disruptions (POLARx discontinuation and supply issues) — leading to a more cautious full-year outlook. The company emphasizes confidence in longer-term strategy and product pipeline while taking near-term actions to control costs and invest commercially.Positive Updates
Quarterly Revenue and Organic Growth Beat Guidance
Q1 consolidated revenue of $5.203B, reported growth +11.6% vs Q1 2025; operational/organic revenue growth +9.4%, above guidance range of 8.5%–10%.
Negative Updates
Full-Year and Q2 Guidance Reduced
Company reduced Q2 organic growth guidance to 5%–7% and lowered full-year 2026 organic growth guidance to 6.5%–8.0%, citing unanticipated headwinds and changing business patterns.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue and Organic Growth Beat Guidance
Q1 consolidated revenue of $5.203B, reported growth +11.6% vs Q1 2025; operational/organic revenue growth +9.4%, above guidance range of 8.5%–10%.
Read all positive updates
Company Guidance
Boston Scientific updated 2Q and full‑year 2026 guidance: Q2 reported revenue growth 5.5%–7.5% (operational/organic 5.0%–7.0%) with Q2 adjusted EPS $0.82–$0.84; full‑year reported revenue growth 7.0%–8.5% (operational/organic 6.5%–8.0% after an assumed ~50 bp FX tailwind), full‑year adjusted EPS $3.34–$3.41 (up 9%–11% vs. 2025, including an ≈$0.04 FX headwind), and adjusted operating margin expansion of 50–75 bps (Q1 adjusted operating margin ~28%, Q1 adjusted gross margin 70.5%). They also expect full‑year free cash flow of ~$4.0 billion, a full‑year adjusted tax rate of ~12% (Q1 was 11.7%), Q1 consolidated revenue was $5.203B (11.6% reported growth including a 220 bp FX tailwind ≈$104M) and Q1 adjusted EPS was $0.80 (up 6%), the Penumbra transaction is excluded from guidance, and the Board approved a total $5B repurchase authorization with ~$2B intended to be repurchased in Q2.Boston Scientific Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.61B | 20.07B | 16.75B | 14.24B | 12.68B | 11.89B |
| Gross Profit | 14.52B | 13.85B | 10.27B | 8.83B | 7.71B | 7.46B |
| EBITDA | 5.66B | 5.10B | 3.94B | 3.45B | 2.74B | 2.52B |
| Net Income | 3.55B | 2.89B | 1.85B | 1.59B | 698.00M | 1.04B |
Balance Sheet | ||||||
| Total Assets | 44.35B | 43.67B | 39.40B | 35.14B | 32.47B | 32.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 2.04B | 414.00M | 865.00M | 928.00M | 1.93B |
| Total Debt | 11.03B | 12.42B | 11.15B | 9.49B | 9.28B | 9.45B |
| Total Liabilities | 18.25B | 19.20B | 17.39B | 15.61B | 14.90B | 15.61B |
| Stockholders Equity | 25.86B | 24.23B | 21.77B | 19.28B | 17.57B | 16.62B |
Cash Flow | ||||||
| Free Cash Flow | 3.44B | 3.66B | 2.65B | 1.70B | 914.00M | 1.32B |
| Operating Cash Flow | 4.34B | 4.53B | 3.44B | 2.50B | 1.53B | 1.87B |
| Investing Cash Flow | -2.73B | -2.64B | -5.69B | -2.57B | -2.01B | -1.60B |
| Financing Cash Flow | -888.00M | -395.00M | 1.81B | 5.00M | -548.00M | -95.00M |
Boston Scientific Technical Analysis
Negative
64.23
Price Trends
51.89
Negative
60.75
Negative
78.71
Negative
Market Momentum
-2.58
Negative
28.01
Positive
11.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSX, the sentiment is Negative. The current price of 64.23 is above the 20-day moving average (MA) of 46.06, above the 50-day MA of 51.89, and below the 200-day MA of 78.71, indicating a bearish trend. The MACD of -2.58 indicates Negative momentum. The RSI at 28.01 is Positive, neither overbought nor oversold. The STOCH value of 11.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BSX.
Boston Scientific Risk Analysis
Boston Scientific disclosed 28 risk factors in its most recent earnings report. Boston Scientific reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boston Scientific Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $16.28B | 21.75 | 6.01% | 1.05% | 9.23% | -14.66% | |
71 Outperform | $52.97B | 48.67 | 10.55% | ― | 13.81% | 22.90% | |
68 Neutral | $64.00B | 17.94 | 14.82% | ― | 17.44% | 74.36% | |
68 Neutral | $101.38B | 21.12 | 9.92% | 2.76% | 8.43% | 3.17% | |
67 Neutral | $120.14B | 35.90 | 15.10% | 0.95% | 8.84% | 16.34% | |
62 Neutral | $160.56B | 25.60 | 12.20% | 1.88% | 6.59% | -53.44% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
BSX
Boston Scientific
43.06
-60.57
-58.45%
ABT
Abbott Laboratories
92.18
-39.25
-29.86%
EW
Edwards Lifesciences
91.99
14.97
19.44%
MDT
Medtronic
79.20
-6.30
-7.37%
SYK
Stryker
313.39
-74.47
-19.20%
ZBH
Zimmer Biomet Holdings
84.17
-8.36
-9.03%
Boston Scientific Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Boston Scientific Invests in MiRus to Expand TAVR Portfolio
Positive
May 18, 2026
On May 18, 2026, Boston Scientific said it invested $1.5 billion for roughly a 34% non‑voting stake in MiRus, a private developer of biomaterials and implants, and secured an exclusive option to buy MiRus’s SIEGEL balloon‑expanda...
Business Operations and StrategyStock BuybackFinancial Disclosures
Boston Scientific Launches $2 Billion Accelerated Share Repurchase
Positive
May 18, 2026
Boston Scientific on May 18, 2026, entered into a $2 billion accelerated share repurchase agreement with JPMorgan Chase as part of its previously announced $5 billion buyback program, initially receiving about 30.4 million shares based on the May ...
Executive/Board ChangesShareholder Meetings
Boston Scientific Shareholders Approve Directors and Governance Changes
Positive
May 5, 2026
Boston Scientific held its 2026 annual meeting of stockholders on April 30, 2026, in a virtual-only webcast format, where shareholders elected all 10 director nominees to one-year terms and approved, on an advisory basis, the compensation of the c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.