Analysts Stay Positive on Intuitive Surgical (ISRG) Despite Stock Dip

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 10, Bank of America Securities reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $650.

This decision comes in spite of Intuitive Surgical, Inc.’s (NASDAQ:ISRG) stock’s recent performance, which has showed weakness.

On September 4, Bernstein SocGen Group also reaffirmed an Outperform rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $685. The firm believes the current stock price presents an “enhanced buying opportunity.”

Bernstein analysts noted that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “five transformational product launches” that could cause the company’s stock to rise.

The firm also shared strong confidence in the company’s near-term earnings potential. Bernstein analysts said that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “more upside to near-term EPS estimates” than any other stock the firm covers.

Overall, analysts are bullish on Intuitive Surgical, Inc. (NASDAQ:ISRG). The 12-month median price target of $597 set by analysts suggests a potential upside of 38% from the current stock price as of September 16.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is an American medical device and technology company that designs and manufactures robotic-assisted surgical systems for physicians and hospitals to make surgery less invasive.

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Disclosure: None. This article is originally published at Insider Monkey.