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Boston Scientific beats Q2 estimates but lowers 2026 outlook amid competition, stock target cut to $70

Company Fundamentals
30 Jul 2026
Andrew Wynn
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Bullish
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Boston Scientific reported strong Q2 results with revenue of $5.442 billion and adjusted EPS of $0.86, surpassing analyst expectations. However, RBC Capital lowered the 2026 stock price target from $85 to $70 due to competitive pressures and a reduced earnings forecast for the year. Despite this, analysts remain optimistic about the company's long-term growth prospects, citing an attractive valuation and promising new products like the SEISMIQ 4CE coronary catheter. The stock still shows potential upside from its current price of $44.80 as Boston Scientific focuses on innovation and market expansion.

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