Analysts Stay Positive on Intuitive Surgical (ISRG) Despite Stock Dip

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 10, Bank of America Securities reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $650.

This decision comes in spite of Intuitive Surgical, Inc.’s (NASDAQ:ISRG) stock’s recent performance, which has showed weakness.

Analysts Stay Positive on Intuitive Surgical (ISRG) Despite Stock Dip

On September 4, Bernstein SocGen Group also reaffirmed an Outperform rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $685. The firm believes the current stock price presents an “enhanced buying opportunity.”

Bernstein analysts noted that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “five transformational product launches” that could cause the company’s stock to rise.

The firm also shared strong confidence in the company’s near-term earnings potential. Bernstein analysts said that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “more upside to near-term EPS estimates” than any other stock the firm covers.

Overall, analysts are bullish on Intuitive Surgical, Inc. (NASDAQ:ISRG). The 12-month median price target of $597 set by analysts suggests a potential upside of 38% from the current stock price as of September 16.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is an American medical device and technology company that designs and manufactures robotic-assisted surgical systems for physicians and hospitals to make surgery less invasive.

While we acknowledge the potential of ISRG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ISRG and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Top 10 Stocks Under $10 That Could Triple and 10 Unrivaled Stocks of the Next 3 Years.

Disclosure: None. This article is originally published at Insider Monkey.