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Can Intuitive Surgical Hit $1,000?

Intuitive Surgical (ISRG) The maker of surgical robots is in the spotlight today. After Intuitive posted second quarter financial results late Thursday that comfortably beat estimates and lifted its estimate for procedure growth, analysts raced to lift price targets on the stock. In fact, a growing number of sell-side observers see the share price ascending to $1,000 or higher -- which is rarefied air.

But if so many analysts are so enthusiastic about the stock, why is Intuitive Surgical falling in recent market action? At just over $946, Intuitive has fallen almost 2.6%.

The answer: pricing. The company said it expects selling prices for its machines to moderate as it sells more systems to "cost-sensitive markets" and offers discounts for multiple-unit deals.

That did not deter Matthew Taylor. The...


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