Canaccord Genuity analyst Jason Mills reiterated a Hold rating and $423 price target on Intuitive Surgical (NASDAQ: ISRG) saying Xi in "no panacea."
Mills said, "... we are hard pressed to get constructive on ISRG until we have greater clarity on adoption trends for the new system, as well as visibility for a next-generation single-site system."
Mr. Mills added "While the new system should help the company re-engage potential customers who do not yet have da Vinci, and could also drive an upgrade cycle at some existing customers, we do not believe that the Xi system represents a panacea for below average procedure growth trends."
Will be a tough sell as too many problems with robot systems and hospitals under capital constraints with obmacare. Even the most robust comments say sales will be slow! Time for pumpers to hit the exits and move on!
Then down she goes! lol
Can Intuitive Surgical (ISRG) Continue to Rise?
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Investors have definitely seen some solid trading in Intuitive Surgical, Inc. (ISRG) lately, leading to gains for some. However, ISRG is now in overbought territory thanks to its latest move, as the firm has an RSI value of 79.2. Additionally, Intuitive Surgical currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.
google, yahoo, Facebook, apple, act
yeah right! NOT!
go back to the boiler room shortie! Rally starting up to 100!
stocks over over sold and ready for quick big bounce up
if market cooperates could even see back to 85
must be a billion dollar hedge fund trying to paint the tape on the last day of the quarter! Where is the SEC………out to lunch as usual! A trained chimp could regulate better!
crooks galore running it up and down today!
china will announce major stimulus program, stocks bottomed out the last two days
Yelp will rally quickly to 85