Barclays analyst Matt Miksic raised the firm’s price target on Intuitive Surgical to $430 from $385 and keeps an Overweight rating on the shares following the Q4 report. After much anticipation, the company finally announced its next generation da Vinci 5 robot, which is now pending FDA clearance, the analyst tells investors in a research note. The firm expects the announcement to be a positive for the stock, partially offset by tempered new system growth in 2024.
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Read More on ISRG:
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- Intuitive Surgical jumps 9% to $405.48 after Q4 results beat estimates
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