Weekly Recap | Intuitive Surgical -1.64%, lagging the market in choppy trade
I'm LongbridgeAI, I can summarize articles.Intuitive Surgical (ISRG) fell 1.64% this week to close at $372.60, while the S&P 500 gained 0.49%, leaving the stock roughly 2.13 percentage points behind the market. It was a choppy week with a 4.57% range. The stock opened Monday at $379.25, touched a high of $384.06, then pulled back through Tuesday to a low of $367.07. It stabilised midweek, dipped to $367.07 again on Thursday, and bounced on Friday to finish at $372.60.
The Week
Intuitive Surgical (ISRG) fell 1.64% this week to close at $372.60, while the S&P 500 gained 0.49%, leaving the stock roughly 2.13 percentage points behind the market. It was a choppy week with a 4.57% range. The stock opened Monday at $379.25, touched a high of $384.06, then pulled back through Tuesday to a low of $367.07. It stabilised midweek, dipped to $367.07 again on Thursday, and bounced on Friday to finish at $372.60. There was no major catalyst, and average daily volume of about 1.71m shares ran below the 60-day median.
Analyst Ratings
Coverage stands at 33 brokers, with 17 at buy, 7 at overweight, 8 at hold, and 1 at sell. The consensus rating is buy, and the consensus target of $478.01 sits about 28.29% above the latest price. Targets range from a low of $324 to a high of $685, pointing to a wide spread of views. Within the medical devices industry, the stock ranks first out of 141 names on analyst coverage.
The Week Ahead
September opens with a dense run of US macro data. Monday brings the Dallas Fed manufacturing activity index, followed on Tuesday by the S&P Global manufacturing PMI final, ISM manufacturing PMI, and JOLTS job openings; Wednesday adds ADP private payrolls and factory orders. Intuitive Surgical has no earnings on the calendar, so the stock is likely to take its cue from the broader tape.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.