Seeking Alpha

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

  • 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
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Comments (2)
  • jonchait50
    , contributor
    Comments (18) | Send Message
     
    robot is already used in general surgery and laproscopic ops. Product is expensive in an era of cost control coming to Hospitals. Also penetration and market share is already high.
    6 Dec 2013, 10:08 AM Reply Like
  • jmjjmj1
    , contributor
    Comments (161) | Send Message
     
    its all about services
    6 Dec 2013, 10:57 AM Reply Like
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