Intuitive Surgical Inc.’s (ISRG) Long-Run Growth Underestimated, Says TD Cowen

Intuitive Surgical, Inc. (NASDAQ:ISRG) is among the most profitable healthcare stocks to buy. On January 26, TD Cowen began coverage on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a Buy rating and a $660 price target, which suggests an upside potential of approximately 25%. According to the firm, the company is a core MedTech holding that has various procedure growth vectors to support its growth momentum.

Although Intuitive Surgical, Inc. (NASDAQ:ISRG) is a “consensus long,” survey work reflects the fact that Wall Street is overlooking the company’s “longer-tailed” and higher procedure volume growth prospects, TD Cowen noted, adding that the company is a “must-own, secular growth story.” With rising competition in the surgical robotics market, the firm believes that ISRG will sustain its leading market position.

25 Highest Paying Jobs in the World

Stoyan Yotov/Shutterstock.com

On the same day, Freedom Capital Markets lifted the price target on Intuitive Surgical, Inc. (NASDAQ:ISRG) to $610 from $560 and upgraded the stock from Hold to Buy. The analysis reflects the firm’s confidence in the launch of ISRG’s da Vinci 5 surgical system, which it expects to increase both system sales and procedure volumes throughout the year.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a California-based company that provides products for physicians and healthcare providers to improve minimally invasive care. Founded in 1995, the company offers the da Vinci Surgical System, the Ion endoluminal system, and instrumentation-related systems.

While we acknowledge the potential of ISRG to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.