Fintel reports that on December 2, 2024, Morgan Stanley upgraded their outlook for Intuitive Surgical (NasdaqGS:ISRG) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 2.25% Upside
As of November 21, 2024, the average one-year price target for Intuitive Surgical is $554.22/share. The forecasts range from a low of $447.43 to a high of $675.15. The average price target represents an increase of 2.25% from its latest reported closing price of $542.00 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Intuitive Surgical is 8,156MM, an increase of 3.67%. The projected annual non-GAAP EPS is 6.54.
What is the Fund Sentiment?
There are 3,128 funds or institutions reporting positions in Intuitive Surgical. This is an increase of 145 owner(s) or 4.86% in the last quarter. Average portfolio weight of all funds dedicated to ISRG is 0.33%, an increase of 44.84%. Total shares owned by institutions increased in the last three months by 0.84% to 354,384K shares. 
The put/call ratio of ISRG is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 14,595K shares representing 4.10% ownership of the company. In its prior filing, the firm reported owning 15,841K shares , representing a decrease of 8.54%. The firm decreased its portfolio allocation in ISRG by 51.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,268K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 11,210K shares , representing an increase of 0.51%. The firm increased its portfolio allocation in ISRG by 4.26% over the last quarter.
Jpmorgan Chase holds 9,999K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 8,922K shares , representing an increase of 10.77%. The firm decreased its portfolio allocation in ISRG by 92.27% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 9,290K shares representing 2.61% ownership of the company. In its prior filing, the firm reported owning 9,104K shares , representing an increase of 2.00%. The firm increased its portfolio allocation in ISRG by 3.71% over the last quarter.
Geode Capital Management holds 7,513K shares representing 2.11% ownership of the company. In its prior filing, the firm reported owning 7,369K shares , representing an increase of 1.91%. The firm decreased its portfolio allocation in ISRG by 45.63% over the last quarter.
Intuitive Surgical Background Information
(This description is provided by the company.)
Intuitive, headquartered in Sunnyvale, California, is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. Intuitive believes that minimally invasive care is life-enhancing care. Through ingenuity and intelligent technology, it expands the potential of physicians to heal without constraints.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
