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Will Ashworth

Intuitive Surgical Could See $400 Very Soon

Intuitive Intuitive Surgical ISRG da Vinci

Intuitive Surgical (ISRG) shares are up more than 13% early in Wednesday trading. Investors are reacting to the excellent Q1 2023 earnings report released after yesterday’s close.

The manufacturer of robotic surgical systems beat the analyst estimates for both sales and earnings. On the top line, its revenue was $1.70 billion during the quarter, $100 million higher than the IBES Refinitiv estimate. On the bottom line, it earned $1.23 a share, three cents higher than the consensus.

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