Boston Scientific (BSX) Raises Share Buyback Authorization To $5B

Boston Scientific Corp. (NYSE:BSX) is one of the 15 best stocks to invest in according to billionaires.

On February 24, Boston Scientific Corp. (NYSE:BSX) increased its share buyback authorization to $5 billion. In a regulatory filing, the company stated:

On February 18, 2026, the Board approved an increase to the company’s existing authorization to repurchase up to $1.0 billion of the company’s common stock by an additional $4.0 billion. As a result, the company is authorized to repurchase up to a total of $5.0 billion of common stock under the company’s stock repurchase program, all of which remains available as of the date hereof.

On February 17, William Plovanic from Canaccord Genuity reduced the price target on Boston Scientific Corp. (NYSE:BSX) to $109 from $112. The analyst reaffirmed his Buy rating on the stock, which still offers an upside potential of almost 42% despite the downward revision.

Plovanic’s rating is based on the firm’s revision to its model and projections to reflect the business’s organizational restructuring. Plovanic also adjusted his estimates based on management’s remarks during the earnings call and the subsequent commentary.

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Boston Scientific Corp. (NYSE:BSX) specializes in medical devices for interventional specialties such as cardiovascular, endo-surgery, and neuro-modulation. The company operates through the MedSurg and Cardiovascular segments and offers a range of devices, including biliary stent systems, electrocautery-enhanced delivery systems, direct visualization systems, and single-use duodenoscopes.

While we acknowledge the risk and potential of BSX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BSX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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