Intuitive Surgical's Robotic Surgery Resurgence Boosts Stock.
TL;DR Summary
Intuitive Surgical's Q1 revenue grew 14% YoY to $1.7 billion, beating Wall Street estimates, as patients returned to healthcare providers post-COVID and hospitals used robotic-assisted procedures for minimally invasive surgeries. The company raised its 2023 procedure growth guidance from 12-16% to 18-21%. Most analysts are bullish on the stock, with 15 Buy ratings, 14 Hold, and 1 Sell.
Topics:business#covid-19#finance#healthcare#intuitive-surgical#minimally-invasive-surgery#stock-market
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