DailyIQ
Last updated2 minutes ago

BSX·Boston Scientific Corporation

$43.40
-0.15 (-0.34%)
Market Closed (Overnight)$43.47+0.07 (+0.16%)
High
$43.90
Open
$43.08
Market Cap
62.81B
52W High
$105.65
Low
$43.05
P. Close
$43.40
P/E
17.09
52W Low
$41.49
Fwd P/E
12.65
DailyIQ Est.
$66.63
Inst. Ownership
46.5%
Short Interest
3.33%
Days to Cover
2.3
Technical Score (1D)
27
SELL
News Sentiment
31
BEARISH
Citigroup’s 1.2‑hour‑old downgrade of Boston Scientific to Neutral, coupled with a $7 cut in the price target, signals a reassessment of the company’s earnings outlook amid mounting competitive pressure in the medical‑device sector. The rating shift is likely to dampen short‑term investor enthusiasm and could prompt a pullback in the stock over the next few trading days. The 8.5‑hour recall of the LUX‑Dx cardiac monitor for delayed atrial‑fibrillation alerts adds regulatory risk; the recall’s breadth and any associated liability costs could further weigh on earnings and erode clinician confidence in a core product line. The recall also raises the possibility of increased FDA scrutiny, which may delay future product approvals or require costly redesigns. Meanwhile, the 19.9‑hour report that two U.S. congressmen purchased BSX shares after a cyberattack‑induced production pause suggests that political investors see a rebound in operations, as distribution centers are now back to or above normal levels. This political buying may counterbalance some of the negative sentiment, but the market will still be watching for any lingering supply chain disruptions or additional cyber‑security incidents. In the next 1–10 trading days, traders should monitor Citigroup’s updated earnings guidance for any further downgrades, the progress of the LUX‑Dx recall resolution, and any FDA statements on the device’s safety. A sudden change in the recall scope or a new regulatory directive could quickly alter the stock’s trajectory, while a steady recovery in production and a positive earnings report could help stabilize the share price.
Earnings Summary
Boston Scientific Corporation is a global medical device manufacturer focused on interventional medical specialties, offering a broad portfolio across gastrointestinal, urological, neurological, chronic pain, and cardiovascular segments, including coronary and aortic valve technologies. The company operates within the highly regulated healthcare sector, where product innovation and regulatory compliance drive growth. Recent quarterly performance shows a steady revenue trajectory, with Q1‑2025 revenue at $4.663B and Q2‑2025 at $5.061B, a 8.6% year‑over‑year increase, while Q3‑2025 revenue held flat at $5.065B, indicating a slight deceleration. EPS has remained robust, with Q1‑2025 EPS of $0.75 beating estimates of $0.6725, and Q2‑2025 EPS of $0.75 versus an estimate of $0.7252, demonstrating consistent earnings strength. The company has beaten analyst estimates in three of the last four quarters, maintaining a positive earnings trend despite revenue volatility. Historically, Boston Scientific has delivered double‑digit YoY revenue growth over the past three years, with EPS growth outpacing revenue in several periods. The company has frequently surpassed earnings expectations, even when revenue growth slowed, reflecting effective cost management and pricing power. Notably, the Q4‑2025 revenue fell slightly below the $5.333B estimate, yet EPS still beat at $0.80 versus $0.7873, underscoring resilience. Recent news highlights a Citigroup downgrade to Neutral and a $7 price‑target cut, driven by competitive pressure and a recall of the LUX‑Dx cardiac monitor, which introduces regulatory risk and potential liability costs. The recall could impact future earnings and clinician confidence, while the downgrade may dampen short‑term investor enthusiasm. Investors should watch for the next earnings guidance release to assess the impact of the LUX‑Dx recall resolution and any updates on regulatory scrutiny, as well as the company’s ability to sustain EPS growth amid revenue headwinds. Key will be how the recall costs are managed and whether the company can maintain its cost discipline to preserve margins in the coming quarter.

EPS

EstBeatMiss
$0.69$0.74$0.79$0.83$0.88Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$0.78 - -
Q2'26$0.83$0.86+3.9%
Q1'26$0.79$0.80+1.6%
Q4'25$0.79$0.80+1.6%
Q3'25$0.71$0.75+5.1%
Q2'25$0.73$0.75+3.4%

Revenue

EstBeatMiss
$5.0B$5.1B$5.3B$5.4B$5.5BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$5.3B - -
Q2'26$5.4B$5.4B+0.5%
Q1'26$5.2B$5.2B+0.6%
Q4'25$5.3B$5.3B-0.9%
Q3'25 - $5.1B -
Q2'25 - $5.1B -

Market Data

BSX Stock Snapshot

SELL27/100
$43.47+$0.07 (0.2%)
Market cap
62.81B
P/E ratio
17.1
Day range
$43.05 – $43.90
News sentiment
31/100 · Bearish
Analyst target
$61.76 (+42.1%)
Consensus
Buy · 40 analysts
52-week range+4.8% off low · -58.9% from high
$41.49$105.65
Price $43.47 DailyIQ Est. $66.63

BSX is on the weaker side of its setup, with little confirmation for a reversal yet. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Reverse DCF

What growth is priced into BSX?

CHEAP

At today's price, Boston Scientific Corporation needs to grow free cash flow about 3.8% a year for the next 10 years to justify its valuation at a 7.85% cost of capital. Over its actual history it has compounded free cash flow at 10.7% a year, so the market is asking for 6.9 percentage points below its own delivered rate. On that basis BSX looks priced below what its own growth record supports.

Implied FCF growth
3.8%
Historical FCF CAGR
10.7%
Growth gap
-6.9 pts
Verdict
CHEAP
Discount rate (WACC)
7.85%
Beta
0.77

Behaviour On Record

What BSX's own history says about today's numbers

Realized volatility (21d)
43.8% 94th pct
Below its peak
-60.2%
vs 200-day average
-33.0%
Up days (1y)
46%

Boston Scientific Corporation is currently running 43.8% annualised volatility over the last 21 sessions. Measured against BSX's own 13 years of daily returns rather than a market-wide average, that is the 94th percentile an extreme by its own standards, against a typical reading of 23.4%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

BSX is trading -60.2% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -17.7%, and the deepest was -42.5% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -33.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 3rd percentile a narrower gap than it typically runs. Over the past year BSX closed higher on 46% of sessions, and it is currently 4 sessions into a falling streak.

On September specifically: over 13 years of records, BSX finished the month higher 4 of 13 times, with a median return of -2.4% and an average of -2.4%. Its strongest month historically has been January at +5.5% on average, its weakest September at -2.4%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: BSX has opened more than 2% away from the prior close in 124 of 3,267 sessions (3.8% of the time), with the largest gaps running +9.8% and -9.7%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, BSX moved an average of 1.4% in the session after earnings, closing higher 2 of those 3 times, with a median move of +1.5% and a largest of +2.1%.

All figures computed from 3,268 daily closes between 2013-09-20 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against BSX's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of BSX's sector?

Boston Scientific Corporation sits in the Health Care sector, currently ranked 4th of 11 GICS sectors by relative-strength rotation score (improving). Within its narrower Medical Devices industry group, BSX ranks 12th of 15 tracked industries, improving.

Sector rank
#4 of 11
Sector state
Improving
Sector rotation score
100
Industry rank
#12 of 15

Options Market

What is the options market pricing for BSX?

CallsPuts

For Boston Scientific Corporation's nearest expiry (2026-09-25, 5 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.32), with at-the-money implied volatility around 46.9%. The options market is pricing roughly a ±5.6% move by that expiry — a range of about $41.38–$46.29.

Put/call ratio (2026-09-25)
1.32
ATM implied volatility
46.9%
Total open interest
8,737
Expected move by 2026-09-25
±5.6% ($41.38–$46.29)

Analyst Rating Changes

Are analysts turning bullish or bearish on BSX?

Citigroup most recently downgraded Boston Scientific Corporation to Neutral on Sep 17, 2026 with a price target of $50 (from $57). Over the last 90 days, coverage has run 0 upgrades against 2 downgrades, a net bearish lean.

Latest action
CitigroupNeutral
90-day upgrades
0
90-day downgrades
2
Net rating momentum
-2
DateFirmActionRatingPrice target
Sep 17, 2026CitigroupDowngradeBuy → Neutral$57 → $50
Sep 9, 2026BTIGMaintainedBuy$60 → $56
Aug 25, 2026TD CowenReiteratedBuy$56
Jul 31, 2026Argus ResearchDowngradeBuy → Hold-
Jul 30, 2026UBSMaintainedBuy$74 → $67
Jul 30, 2026CitigroupMaintainedBuy$70 → $61
Jul 30, 2026RBC CapitalMaintainedOutperform$85 → $70
Jul 30, 2026TD CowenMaintainedBuy$61 → $56
Jul 30, 2026Canaccord GenuityMaintainedBuy$70 → $66
Jul 30, 2026Truist SecuritiesMaintainedBuy$62 → $57
Jul 30, 2026Evercore ISI GroupMaintainedOutperform$65 → $55
Jul 30, 2026Wells FargoMaintainedEqual-Weight$55 → $50

BSX Competitive Positioning

Boston Scientific Corporation (BSX) is tracked alongside these names in Medical Devices on DailyIQ — ranked by market cap, with today's move alongside.