BUZZ - Intuitive Surgical shares fall after company narrows growth forecast for Da Vinci surgical procedures

October 21 - ** Shares of robotic surgery technology company Intuitive Surgical ISRG.O fell 7.6% in premarket trading to $404.7

** The company (link) has tightened its forecast for procedure growth of the da Vinci robotic surgical system for fiscal year 2026

** It expects global da Vinci procedure growth for fiscal year 2026 to be near the midpoint of the 14%-15% range, compared to the previous guidance of 13.5%-15.5%

** According to data compiled by London Stock Exchange Group (LSEG), ISRG's third-quarter adjusted earnings per share and revenue were $3 and $3.05 billion, respectively, while analysts had previously expected $2.64 and $2.91 billion

** Of 35 brokerages, 25 have a "buy" or higher rating on the stock, 9 have a "hold" rating, and 1 has a "sell" rating; the median target price is $486

** As of the close of the previous trading day, the stock was down 22.7% year-to-date

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