Vicarious Surgical rises as BTIG starts with "buy"

SS Innovations International

18/10/2021 13:39

** Medical robotics co Vicarious Surgical  RBOT.N  shares up
5.96% pre-market at $11.2 as BTIG initiates with bullish rating 
    ** BTIG starts coverage with "buy" rating and PT of $15;
Median PT on stock is $16
    ** Brokerage says RBOT's system sets it apart from
competitors; sees "massive opportunity" in surgical robotics as
most procedures are still performed via open or laparoscopy
methods
    ** "Development stage robotic companies going up against
industry incumbents has not been strong in the robotic surgical
space" but is possible, brokerage warns 
    ** Co's shares up 4.4% this year 

 (Reporting by Anisha Sircar)
 ((Anisha.Sircar@thomsonreuters.com))