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PROCEPT BioRobotics (PRCT) Outlook Adjusted as System Replacement Forecasts Shift

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) ranks among the top robotics to buy according to analysts. On August 7, Wells Fargo maintained its Overweight rating on PROCEPT BioRobotics Corporation (NASDAQ:PRCT) but reduced its price target from $75 to $58. The change follows management’s announcement that it no longer anticipates any system replacements in the second half of 2025, reversing earlier projections of roughly 10 replacements this year.

Given that the majority of its installed base is only three years old, Wells Fargo pointed out that PROCEPT BioRobotics Corporation (NASDAQ:PRCT) has overstated the need for replacements, even though the company forecasts system life to be five to seven years.

The firm currently projects 10 replacements at an average selling price of $350,000 for 2026 and expects PROCEPT BioRobotics Corporation (NASDAQ:PRCT) management to discuss its replacements and trade-in strategy when delivering guidance for the upcoming year.

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is a commercial-stage company that focuses on urology surgical robotics systems. The company’s flagship product, the AquaBeam Robotic System, is a cutting-edge image-guided device intended for minimally invasive urologic procedures.

While we acknowledge the potential of PRCT 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 PRCT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

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

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