Forecast Of The Day: Intuitive Surgical’s Installed Base

by Trefis Team
+12.18%
Upside
322
Market
361
Trefis
ISRG
Intuitive Surgical
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What?

Trefis expects Intuitive Surgical’s (NASDAQ: ISRG) Installed Base of da Vinci surgical systems to rise steadily from 6,000 in 2020 to about 7,000 in 2021 and 7,900 in 2022. The metric is a key driver of Intuitive Surgical’s instrument and accessory as well as services revenue.

Why?

We expect the increase to be driven by the higher adoption of robotic surgery for a variety of procedures.

So What?

However, we believe the projected growth in accessories and services is fully priced into ISRG stock. We value the stock at about $950 per share, compared to the $1,020 market price.

See Our Complete Analysis For Intuitive Surgical

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