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Wall Street Analysts See Intuitive Surgical (ISRG) as a Buy: Should You Invest?
ISRGIntuitive(ISRG) ZACKS·2024-10-04 14:33

Group 1 - Intuitive Surgical, Inc. (ISRG) has an average brokerage recommendation (ABR) of 1.69, indicating a consensus between Strong Buy and Buy based on 26 brokerage firms' recommendations [1][2] - Of the 26 recommendations, 16 are Strong Buy (61.5%) and 2 are Buy (7.7%), reflecting a strong positive bias from analysts [1] - Despite the positive ABR, studies suggest limited success of brokerage recommendations in guiding investors towards stocks with the best price increase potential due to analysts' vested interests [2][5] Group 2 - The Zacks Rank, which classifies stocks based on earnings estimate revisions, is a more reliable indicator of near-term price performance compared to ABR [3][5] - The Zacks Consensus Estimate for Intuitive Surgical remains unchanged at $6.67, suggesting steady views on the company's earnings prospects [7] - Intuitive Surgical currently holds a Zacks Rank 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [7]