Intuitive Surgical (ISRG) is an ‘Outperform’ Ahead of Key Product Launches: Bernstein SocGen Group

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of best beginner stocks to buy, according to analysts. On September 4, Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and a $685 price target.

Intuitive Surgical (ISRG) is an ‘Outperform’ Ahead of Key Product Launches: Bernstein SocGen Group

According to the research firm, the stock is currently trading at a discount after pulling back from its high of $610 per share, recorded in January. Consequently, it views the current trading range as a buy opportunity for investors eyeing exposure in the medical technology sector.

The research firm has echoed the company’s five transformational product launches, which underscore its long-term prospects. It expects the product launches to strengthen the stock’s sentiment in the market. The remarks follow Intuitive’s 21% year-over-year increase in second-quarter revenue to $2.44 billion. The increase came with the da Vinci 5 surgical system entering a broad launch phase.

Intuitive Surgical, Inc. (NASDAQ:ISRG) develops and markets the da Vinci robotic-assisted surgical system, a technology that enables surgeons to perform minimally invasive procedures with enhanced precision, vision, and control. Their goal is to make surgery more effective and less invasive for patients.

While we acknowledge the potential of Intuitive Surgical, Inc. (NASDAQ: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 100x upside potential, check out our report about the cheapest AI stock.

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