Intuitive Surgical Inc. (NASDAQ:ISRG) is one of the 10 Best AI Stocks to Watch in July.
On July 6, Evercore ISI lowered its target price for Intuitive Surgical Inc. (NASDAQ:ISRG) to $430 from $480 and kept an In Line rating on the stock
The firm’s Q2 preview for MedTech, Life Sciences Tools, and Diagnostics shows that demand remains stable, with healthy procedure volumes and continued spending on new equipment across the industry. The company is set to announce its Q2 fiscal 2026 earnings report on July 16. As per the company’s Q1 outlook, it anticipated revenue growth in the coming quarters with the expansion of its da Vinci systems, particularly in international markets.
The company expected full-year da Vinci procedure growth within a range of 13.5% to 15.5%. Moreover, the company expected its non-GAAP gross profit margin to be between 67.5% and 68.5% of revenue. Other income was expected to total between $315 million and $335 million due primarily to lower average cash balances following share repurchase activity in Q1.