Intuitive Surgical December volatility elevated on wide price movement Intuitive Surgical December put option implied volatility is at 38, January is at 29, April is at 34; compared to its 26-week average of 29 according to Track Data; suggesting large near term price movement after the company was mentioned cautiously by Citron Research.
Intuitive Surgical initiated with a Neutral at Piper Jaffray Piper Jaffray analyst Matt O'Brien started shares of Intuitive Surgical with a Neutral rating and $505 price target. O'Brien calls the stock "simply too expensive" relative to expected sales and earnings, but admits Intuitive's robotic surgical technology will likely dominate the market in the coming years. Further, the analyst thinks the company's da Vinci Prostatectomy and da Vinci Hysterectomy procedures could contract amid new diagnostic tests and insurance pushback. The stock closed yesterday up $2.05 to $496.37.