Why Intuitive Surgical Stock Is Skyrocketing Today

Core Insights - Intuitive Surgical's shares surged 16% following the announcement of its strong Q3 results, indicating positive market sentiment towards the company [1] Financial Performance - Q3 revenue reached $2.51 billion, representing a 23% year-over-year increase, surpassing analyst expectations of $2.4 billion [2] - Adjusted earnings for the quarter were $867 million, or $2.40 per diluted share, compared to $669 million, or $1.84 per diluted share, in the same period last year, exceeding the consensus estimate of $1.98 per share [2] Future Outlook - The company projects a 17% to 17.5% increase in procedure volumes for its da Vinci surgical robots in full-year 2025, an upward revision from the previous forecast of 15.5% to 17% [3] Market Reaction - Following the Q3 update, Truist Securities raised its 12-month price target for Intuitive Surgical from $525 to $620, while RBC Capital increased its target from $615 to $625, both indicating an upside potential of over 16% [4] Investment Considerations - Despite a high forward price-to-earnings ratio of around 48, Intuitive Surgical is viewed as having strong growth prospects due to increasing adoption of its robotic systems and favorable demographic trends [5]