Jefferies bullish on Intuitive Surgical's long-term growth prospects

|About: Intuitive Surgical, Inc. (ISRG)|By:, SA News Editor

Jefferies starts Intuitive Surgical (ISRG) at Buy.

In what is seemingly becoming a less and less popular thesis these days, analyst Imron Zafar still thinks the company's "growth profile remains compelling."

More specifically, Zafar models "revenue growth rebounding to the low-teens range over the back half of 2014 and remaining double-digits in 2015 and beyond."

Important qualification: "To what extent market development in new areas can not only offset but also overcome peaking penetration and slower growth in gynecology and urology represents the y question underlying the company’s growth outlook."

Price target is $480, representing upside of nearly 31% from Thursday's close.

See also: ISRG, FDA warn on friction in robot arms