Intuitive Surgical Inc.'s (ISRG) Long-Run Growth Underestimated, Says TD Cowen

Intuitive Surgical, Inc. (NASDAQ:ISRG) is among the most profitable healthcare stocks to buy. On January 26, TD Cowen began coverage on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a Buy rating and a $660 price target, which suggests an upside potential of approximately 25%. According to the firm, the company is a core MedTech holding that has various procedure growth vectors to support its growth momentum.

Although Intuitive Surgical, Inc. (NASDAQ:ISRG) is a “consensus long,” survey work reflects the fact that Wall Street is overlooking the company’s “longer-tailed” and higher procedure volume growth prospects, TD Cowen noted, adding that the company is a “must-own, secular growth story.” With rising competition in the surgical robotics market, the firm believes that ISRG will sustain its leading market position.

On the same day, Freedom Capital Markets lifted the price target on Intuitive Surgical, Inc. (NASDAQ:ISRG) to $610 from $560 and upgraded the stock from Hold to Buy. The analysis reflects the firm’s confidence in the launch of ISRG’s da Vinci 5 surgical system, which it expects to increase both system sales and procedure volumes throughout the year.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a California-based company that provides products for physicians and healthcare providers to improve minimally invasive care. Founded in 1995, the company offers the da Vinci Surgical System, the Ion endoluminal system, and instrumentation-related systems.

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Disclosure: None.