.July 15, 2024 09:06:00 AM

Mizuho analysts raised their price target for Intuitive Surgical (NASDAQ:ISRG) to $440 from $390, maintaining a Neutral rating. The adjustment was made ahead of the company’s Q2 earnings release. The increase was based on proprietary channel checks for Q2/24, which included interactions with 12 public and private companies, four key opinion leader events, and two in-depth surveys. Analysts highlighted expectations for the da Vinci 5 system and minimal competitive pressures as reasons for the price target hike.