--- title: "CITIC Securities initiates coverage on Intuitive Surgical with a \"Buy\" rating and a target price of $613, the absolute leader in the surgical robotics field" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/273670165.md" description: "China Merchants Securities has initiated coverage on Intuitive Surgical, giving it an \"Overweight\" rating with a target price of $613. The report points out that Intuitive Surgical holds an absolute leadership position in the surgical robotics field, with expected continuous growth in surgical volume in the future. The fifth-generation \"Da Vinci 5\" system has improved equipment utilization, with surgical volume expected to increase by 13% to 15% by 2026. The company's revenue and net profit are expected to maintain stable growth from 2026 to 2028, increasing by 16%, 15%, and 15%, respectively" datetime: "2026-01-26T08:05:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273670165.md) - [en](https://longbridge.com/en/news/273670165.md) - [zh-HK](https://longbridge.com/zh-HK/news/273670165.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/273670165.md) | [English](https://longbridge.com/en/news/273670165.md) # CITIC Securities initiates coverage on Intuitive Surgical with a "Buy" rating and a target price of $613, the absolute leader in the surgical robotics field China Merchants Securities published a report, initiating coverage on Intuitive Surgical (ISRG.US) with a "Buy" rating and a target price of $613. The firm stated that the recent IPO of Precision Medical-B (02675.HK) has attracted significant market attention. As a global valuation anchor, Intuitive Surgical is an absolute leader in the surgical robotics field, significantly ahead in installed base, surgical volume, and technology, and it is recommended to focus on leading companies that capture the certainty of industry growth. The fifth-generation "Da Vinci 5" system has significantly improved equipment utilization, accelerated market penetration, and strengthened customer loyalty. The firm noted that the growth of surgical volume at Intuitive Surgical is still accelerating, with consumables and service revenue driving the company's high certainty growth. Last year, the Da Vinci surgical volume reached approximately 3.15 million cases, an 18% year-on-year increase (including the Ion system, total surgical volume increased by 19% year-on-year), with surgical volume being the main growth driver for the company. Looking ahead to 2026, the company guides for a 13% to 15% increase in Da Vinci surgical volume, with consumables and service revenue growth remaining resilient. Additionally, China Merchants Securities stated that the upgrade of the fifth-generation system "Da Vinci 5" has driven efficiency realization, with average surgical volume increasing by 11%. From a market perspective, laparoscopic surgical robots are still in a development phase, transitioning from emerging procedures to mainstream surgical types. The mid-term accessible market is estimated to have approximately 9 million surgical cases annually, compared to 3.15 million surgical cases in 2025. Based on the current penetration rate, there is still about double the growth potential for surgical volume in the future. The firm expects the company's revenue and profit for the years 2026 to 2028 to maintain a stable and rapid growth trend. It estimates revenue to increase by 16%, 15%, and 15% year-on-year, with net profit increasing by 16%, 16%, and 15% year-on-year, and diluted earnings per share forecasted at $9.15, $10.63, and $12.17, corresponding to price-to-earnings ratios of 56x, 48x, and 42x for the years 2026 to 2028, respectively ### 相關股票 - [iShares US Medical Devices (IHI.US)](https://longbridge.com/zh-HK/quote/IHI.US.md) - [GraniteShares 2x Long ISRG Daily ETF (ISUL.US)](https://longbridge.com/zh-HK/quote/ISUL.US.md) - [SPDR S&P Health Equip (XHE.US)](https://longbridge.com/zh-HK/quote/XHE.US.md) - [Intuitive Surgical (ISRG.US)](https://longbridge.com/zh-HK/quote/ISRG.US.md) ## 相關資訊與研究 - [Heirloom Wealth Management Buys 16,650 Shares of Intuitive Surgical, Inc. $ISRG](https://longbridge.com/zh-HK/news/281345776.md) - [If You Invested $1000 In Intuitive Surgical Stock 10 Years Ago, You Would Have This Much Today](https://longbridge.com/zh-HK/news/281215785.md) - [Intuitive Surgical: Stapler Reload Recall Seen as Contained, Buy Rating Reaffirmed](https://longbridge.com/zh-HK/news/279810400.md) - [Intuitive Surgical Officer Sells Shares Worth Over $1.8 Million](https://longbridge.com/zh-HK/news/278001387.md) - [Boston Scientific (BSX) Gets a Hold from Erste Group](https://longbridge.com/zh-HK/news/281570952.md)