Here’s What the Street Thinks About PROCEPT BioRobotics Corporation (PRCT)

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is one of the best robotic surgery stocks to buy. PROCEPT BioRobotics Corporation (NASDAQ:PRCT) received several rating updates following the release of its financial results for fiscal Q1.

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Piper Sandler lifted the price target on PROCEPT BioRobotics Corporation (NASDAQ:PRCT) to $35 from $28 on April 30, maintaining an Overweight rating on the shares and noting that the company reported fiscal Q1 results that beat on the top-line and reiterated full-year guidance across all key metrics. The firm further stated that the quarter was marked by strong domestic capital placements with impressive all-time high ASPs, which resulted in the stock trading up more than 10% after hours.

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) also received a rating update from Baird the same day, with the firm lifting the price target on the stock to $28 from $27 and maintaining a Neutral rating on the shares. The firm stated that it updated its model after its fiscal Q1 beat results. However, it added that the long-term adoption trajectory is keeping them on the sidelines.

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is a commercial-stage surgical robotics company that develops transformative solutions for urology. The company manufactures and sells the AquaBeam Robotic System, which is an image-guided, surgical robotic system used in minimally invasive urologic surgery.

While we acknowledge the risk and potential of PRCT 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 PRCT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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