Intuitive Surgical Inc. ($ISRG) Stock Forecast: Up 8.5% Today

What is Intuitive Surgical Inc.?

Intuitive Surgical (NASDAQ: ISRG) is a leading global technology company in the field of robotic-assisted minimally invasive surgery. The company's da Vinci Surgical System is renowned for its precision and innovation.

Why is Intuitive Surgical Inc. going up?

ISRG stock is up 8.5% on Oct 18, 2024 16:41

• Intuitive Surgical (ISRG) experienced a strong bullish movement following its impressive Q3 earnings beat and positive analyst forecasts.
• The demand for procedures and higher pricing contributed to robust procedure sales, reflecting a healthy market for the company.
• Regulatory clearance in South Korea for the da Vinci 5 surgical system also boosted investor confidence and contributed to the stock's rise.
• Despite some bearish options trading trends, the overall positive news and performance of ISRG overshadowed any potential concerns, driving the stock higher.

ISRG Price Chart

ISRG Technical Analysis

ISRG News

Intuitive Surgical Posts Q3 Earnings Beat, These Analysts Raise Forecasts On DV5 Uptake - Intuitive Surgical ( NASDAQ:ISRG )

Intuitive Surgical, Inc. ISRG Thursday reported upbeat earnings for its third quarter. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets analyst Shagun Singh reiterated an Outperform rating, while raising the price target ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406234/intuitive-surgical-posts-q3-earnings-beat-these-analysts-raise-forecasts-on-dv5-upt

Intuitive Surgical Q3 Earnings Beat, Procedures Robust

ISRG's third-quarter results reflect a healthy demand for procedures. Higher pricing boosts procedure sales. An improvement in margins buoys well.

https://www.zacks.com/stock/news/2353105/intuitive-surgical-q3-earnings-beat-procedures-robust

Why Intuitive Surgical Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket - Akanda ( NASDAQ:AKAN ) , Cemtrex ( NASDAQ:CETX )

Shares of Intuitive Surgical, Inc. ISRG rose sharply in today's pre-market trading as the company posted better-than-expected third-quarter financial results. The company also said it obtained regulatory clearance in South Korea for the da Vinci 5 surgical system in October.

https://www.benzinga.com/news/24/10/41399062/why-intuitive-surgical-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket

Netflix, American Express And 3 Stocks To Watch Heading Into Friday - Netflix ( NASDAQ:NFLX )

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects American Express Company AXP to report quarterly earnings at $3.28 per share on revenue of $16.67 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/10/41396995/netflix-american-express-and-3-stocks-to-watch-heading-into-friday

Unpacking the Latest Options Trading Trends in Intuitive Surgical - Intuitive Surgical ( NASDAQ:ISRG )

Whales with a lot of money to spend have taken a noticeably bearish stance on Intuitive Surgical. Looking at options history for Intuitive Surgical ISRG we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/10/41391720/unpacking-the-latest-options-trading-trends-in-intuitive-surgical

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Intuitive Surgical Inc. Price History

26.09.2023 - ISRG Stock was down 5.1%

• Intuitive Surgical stock had a bearish movement today.
• The mixed Q3 earnings could have contributed to the dip in stock price.
• The news of Portside Wealth Group LLC making a significant investment in ISRG could have influenced market sentiment.
• Overall, the market may have reacted negatively to the company's earnings and the uncertainty surrounding its future performance.

11.00.2024 - ISRG Stock was up 10.2%

• ISRG experienced a strong bullish movement.
• The overall market sentiment was positive.
• The CNN Money Fear and Greed index remained in the "Greed" zone.
• The S&P 500 gained ahead of inflation data and bank earnings later in the week.
• Possible reasons for the bullish movement:
• Investor optimism rising ahead of key inflation reports.
• Positive company news for ISRG.
• The overall positive sentiment in the market.
• The anticipation of upcoming bank earnings.

01.02.2024 - ISRG Stock was up 1.0%

• Despite facing a "hold" rating downgrade, Intuitive Surgical (ISRG) witnessed a notable bullish trend in the market.
• The downgrade might have caused some initial uncertainty among investors; however, the company's strong fundamentals and established market position likely brought reassurance to traders, resulting in the bullish movement.
• Investors possibly emphasized ISRG's long-term growth prospects and technological innovations, minimizing the impact of the short-term rating revision.
• The overall optimistic market sentiment surrounding ISRG's cutting-edge products and solutions could have outweighed the effects of the downgrade, propelling the stock price upwards.

21.09.2023 - ISRG Stock was up 5.8%

• Despite a slight dip in share price, Intuitive Surgical (ISRG) reported better-than-expected earnings in Q3 FY23.
• The article highlights the potential growth opportunities in the robotics sector, particularly in industrial and warehouse robotics, which could have positively impacted ISRG's bullish movement.
• The rise in gold prices and the fall in Dow Jones could have also contributed to investors seeking alternative investment options, such as ISRG.
• The concerns over regional conflicts and the plans to refill the largely drained SPR with another $6 million barrels of crude oil could have led investors to shift their focus towards more stable investments like ISRG.

02.10.2023 - ISRG Stock was up 5.1%

• 1. The bullish movement in ISRG could be attributed to the appointment of Sreelakshmi Kolli, executive vice president and chief digital officer at Align Technology, to its board of directors. This addition may bring fresh perspectives and expertise to the company, boosting investor confidence.
• 2. The unusual options activity on ISRG suggests that a large investor, whether an institution or a wealthy individual, has taken a bullish stance on the stock. This could indicate positive sentiment and potential future growth.
• 3. The overall market sentiment towards ISRG may have been influenced by the inclusion of ISRG in Cathie Wood's portfolio. As a renowned investor known for spotting disruptive trends, her investment in ISRG could have sparked interest and optimism among other investors.
• In summary, the bullish movement in ISRG today could be attributed to the appointment of a new board member, positive options activity, and the influence of Cathie Wood's investment. These factors collectively contribute to the positive sentiment surrounding the stock.

19.09.2023 - ISRG Stock was down 7.6%

• The bearish movement in ISRG today could be attributed to the following factors:
• 1. Earnings Report: Intuitive Surgical was expected to report higher year-over-year Q3 earnings. If the actual earnings fell short of expectations, it could have disappointed investors and led to a sell-off in the stock.
• 2. Consensus Estimate: The consensus estimate for ISRG's Q3 earnings was $1.41 per share. If the actual earnings came in lower than this estimate, it might have negatively impacted investor sentiment.
• 3. Procedure Volume Growth: The article mentions that earnings are likely to come in line with the consensus estimate, indicating that there might not have been any significant positive surprises. If the procedure volume growth, which is a key driver for Intuitive Surgical's business, did not meet expectations, it could have contributed to the bearish movement.
• 4. Options Trading: an article from CNBC suggests that traders were buying calls for a quick pop in ISRG, indicating a speculative trading strategy. If these traders did not see the expected price movement after the earnings report, they might have closed their positions, adding selling pressure to the stock.
• Overall, the bearish movement in ISRG today could be attributed to disappointing earnings, lack of positive surprises, lower-than-expected procedure volume growth, and speculative options trading.

18.09.2024 - ISRG Stock was up 5.4%

• The stock of Intuitive Surgical surged today following the company's release of better-than-expected third-quarter financial results and the announcement of regulatory clearance in South Korea for its da Vinci 5 surgical system.
• The positive earnings report, with revenue surpassing estimates, drove the bullish momentum in the stock.
• Market sentiment was buoyed by the revelation of an 18% increase in da Vinci procedures and the optimistic outlook for the company's future earnings.
• Despite a bearish outlook from select investors engaging in options trading, the overall market displayed confidence in Intuitive Surgical's performance, resulting in a notable increase in the stock price.

18.09.2024 - ISRG Stock was up 8.5%

• Intuitive Surgical (ISRG) experienced a strong bullish movement following its impressive Q3 earnings beat and positive analyst forecasts.
• The demand for procedures and higher pricing contributed to robust procedure sales, reflecting a healthy market for the company.
• Regulatory clearance in South Korea for the da Vinci 5 surgical system also boosted investor confidence and contributed to the stock's rise.
• Despite some bearish options trading trends, the overall positive news and performance of ISRG overshadowed any potential concerns, driving the stock higher.

19.06.2024 - ISRG Stock was up 5.9%

• Intuitive Surgical shares rose after receiving a Buy rating and a price target boost, showing positive sentiment and confidence in the company's future performance.
• The overall positivity towards the robotics sector, driven by advancements in automation and artificial intelligence, likely contributed to the bullish movement in ISRG stock.
• Concerns about system placement constraints were raised by a source, but the optimistic market outlook for innovative technologies and growth potential in the robotics industry overshadowed these issues, pushing the stock higher.

19.06.2024 - ISRG Stock was up 8.6%

• ISRG reported strong Q2 earnings, surpassing expectations and demonstrating robust demand for its procedures.
• The company's higher pricing strategy and improved margins have contributed to increased revenue and profit, driving investor confidence.
• Positive analyst outlook, including a price target increase and a Buy rating, have further boosted ISRG's stock price.
• The focus on robotics and automation advancements in various sectors, including healthcare, has also played a role in highlighting ISRG's position as a key player in the industry, attracting investor interest and driving the bullish market movement.

19.06.2024 - ISRG Stock was up 9.1%

• Intuitive Surgical (ISRG) experienced a strong bullish movement today following the release of their second-quarter earnings that surpassed expectations.
• The company reported strong revenue growth and robust procedures demand, which contributed to the positive market sentiment.
• Analysts have raised their price targets for ISRG, indicating a bullish outlook for the stock in the near future.
• The impressive performance of Intuitive Surgical in Q2 showcases its continued dominance in the medical device industry, driving investor confidence and pushing the stock price higher.

19.06.2024 - ISRG Stock was up 6.9%

• Intuitive Surgical saw a notable increase in its stock value after surpassing expectations in its second-quarter financial results, achieving a revenue of $2.01 billion, which exceeded projections by analysts.
• The optimistic earnings disclosure highlighted the company's robust performance and potential for expansion within the robotics sector, capturing the interest of investors.
• Despite the worldwide IT disruption impacting technology stocks, such as cybersecurity company Crowdstrike and Microsoft, Intuitive Surgical differentiated itself through its resilient financial outcomes, showcasing stability in volatile market conditions.
• Amidst the growing presence of artificial intelligence and automation across various sectors, Intuitive Surgical's state-of-the-art robotic systems remain at the forefront of transforming healthcare procedures, instilling investor confidence in the company's future growth trajectory.