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ISRGIntuitive Surgical, Inc.
$452.80$160.0B
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Intuitive Surgical, Inc. (ISRG) Research Brief

Wall Street consensus, price target range, and equity research thesis

Buy57 Analyst Coverage
Consensus Target
$485+7.2% Upside
Current: $452.80
Analyst Range
Low $357High $558
12-Month High/Low Spread
Ratings Mix
40 Buy·12 Hold·5 Sell
Earnings & Valuation
EPS Beat 13.2%
Forward P/E: 40.3x

Executive Summary & Research Take

Wall Street currently rates ISRG buy with a 12-month price target of $485 (+7.2% upside). The sections below cover the bull case, key risks, and latest earnings context for Intuitive Surgical, Inc..

Recent Analyst Actions

ISRG Analyst Upgrades & Price Target Changes

4 raised, 5 cut of 11 analysts. Recent price target changes and ratings for ISRG.

Updated Nov 2026
FirmActionRatingPrice Target
Leerink PartnersRaisedOutperform$473$503
JP MorganRaisedOverweight$450$475
Evercore ISI GroupCutIn-Line$400$385
Wells FargoCutOverweight$487$486
TD CowenMaintainedBuy$485$485
BarclaysRaisedOverweight$485$500
RBC CapitalCutOutperform$575$550
MizuhoCutNeutral$415$400

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Analyst Research Summary

Investment Thesis: Bull Case & Risk Factors

A structured look at the bull case, the risks, and the most recent earnings execution for ISRG.

Current setup

ISRG beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.

Bull Case

What keeps the long thesis intact

  • Strong Buy ConsensusAnalysts have a consensus rating of 'Strong Buy' with a median price target of $580.00, indicating a potential upside of 27.8%.
  • Robust Procedure GrowthManagement raised the 2026 procedure growth outlook to 13.5%-15.5%, supported by increased utilization across platforms.
  • High Recurring RevenueApproximately 75% of ISRG's revenue comes from recurring sources, providing a stable and high-margin revenue stream.
  • Market Leadership PositionISRG maintains a dominant position in the robotic surgery market with a substantial installed base of da Vinci systems.
  • Innovation and ExpansionContinued innovation and expansion into international markets strengthen ISRG's competitive position.
  • Strong Financial PerformanceISRG has consistently beaten EPS estimates and shown increasing operating income.

Wall Street rates ISRG buy, giving the bull case institutional backing from 57 analysts.

Watch Out For

What can break the setup quickly

  • High Valuation ConcernsISRG trades at a high P/E ratio of around 55-58, with some analysts suggesting it could be overvalued by 30.2%.
  • Decelerating Procedure GrowthProcedure growth is projected to slow to 13.5%-15.5% in 2026, down from 18% in 2025.
  • External Revenue PressuresFactors like tariffs and pricing pressures in China could negatively impact revenue.
  • Increasing Competition RisksGrowing competition in the medical technology industry may compress valuation multiples.
  • Converging Utilization RatesUtilization rates for the SP and Ion systems are converging, potentially limiting future growth.
  • Insider Selling ActivityThere has been net selling by insiders, although largely tied to vesting schedules.

Watch whether new negative commentary on ISRG points to these structural risks or is simply reacting to short-term price moves.

ISRG Earnings Reaction — What the Last Quarter Showed

Last Quarter

EPS
$3.00 vs $2.65 est.Beat 13.2%
Revenue
$3.0B vs $2.9B est.Beat 4.9%
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ISRG — Frequently Asked Questions

Quick answers to the most common questions about buying ISRG stock.

What is the analyst consensus on ISRG?
Verdict

ISRG appears fairly valued near today's $452.80 — the consensus rating is "Buy" with a $485 target (+7.2%). This is informational only — verify the data and consider your own risk tolerance before deciding.

What are recent analyst rating changes for ISRG?
Timing

Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +7.2% upside to the $485 target. Recent activity is mixed — 4 analysts raised and 5 cut targets in the past 30 days.

What is the price target for ISRG stock?
Price Target

ISRG's consensus 12-month price target is $485, set by 57 Wall Street analysts. The bull case high is $558 and the bear case low is $357. From the current price of $452.80, this implies +7.2% upside.

Is ISRG overvalued or undervalued?
Valuation

ISRG appears fairly valued — the $485 consensus target is roughly in line with today's $452.80 (+7.2%). It trades at a forward P/E of 40.3x. Targets range from $357 (bear) to $558 (bull), reflecting different assumptions about growth and margins.

What were ISRG's latest earnings results?
Earnings

ISRG reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $485 target. Consider position sizing rather than going all-in pre-print.

What is the bull case for ISRG?
Coverage

Of 57 analysts covering Intuitive Surgical, Inc. (ISRG): 0 Strong Buy, 40 Buy, 12 Hold, 5 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $485 (range $357–$558). Bullish analysts outnumber bearish by more than 2-to-1.

What are the risks of investing in ISRG?
Risks

5 of the 57 analysts covering ISRG rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Intuitive Surgical, Inc..

Financial Data & Software Notice: VCP Scanner is an educational financial research database and stock screening software platform. VCP Scanner does not generate, recommend, or package trade decisions, buy/sell signals, or personalized investment advice. Consensus ratings and price targets reflect aggregated third-party Wall Street analyst research from public SEC filings. See our Terms of Service and Privacy Policy.