Intuitive Surgical July weekly volatility increases into Q2 and outlook Intuitive Surgical July weekly call option implied volatility is at 110, August is at 49, September is at 34, January is at 31; compared to its 26-week average of 36 according to Track Data, suggesting large near term price movement into the expected release of Q2 results today after the market close.
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.