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Boston Scientific
Health Care · Health Care Equipment

Medical technology company developing devices for cardiology, endoscopy, urology, neuromodulation, and other specialty procedures.

HQ: United StatesListed: United States

Historical AI Opinions

Audit every published iPulse AI forecast batch and immutable historical research document for Boston Scientific.

Boston Scientific Corporation (BSX.NYSE) AI OPINIONS & ADVISOR ANALYSIS

Read and compare the 14 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 20 September 2026Deep analysis 20 September 2026

25 min readAudit All Past Forecasts

1. Investment Thesis — Base Case

The central tension is that Boston Scientific lost the narrative before it lost the business. Electrophysiology and Watchman — roughly a quarter of revenue — decelerated hard, and the market repriced the entire company from a premium to a low-teens in eight months. The remaining three-quarters still compounds near 6% and generates USD 3.62B of trailing . The base case treats 2027 as the trough, with restructuring savings, Penumbra consolidation and a dated 2027–2028 launch cadence restoring mid-single-digit , and the multiple normalising toward the low-to-mid teens rather than the discarded premium.

  • Adjusted path: USD 3.30 in 2026, roughly flat through 2027, approaching USD 5.00 by 2031.
  • A 15x exit multiple on that figure implies roughly USD 75 per share, near +70% cumulative.
  • Implied equity value near USD 110 billion on approximately USD 30 billion of revenue — still below the 2025 peak.

Historical prices and published forecast

Historical prices and published forecastObserved prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.28.8350.3971.9593.5115.06Sep 2021Mar 2024Sep 2026Mar 2029Sep 2031Forecast starts
  • Observed price
  • Published advisor forecast
Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.
View chart values
Historical prices and published forecast — published chart values
SeriesDateValue (USD)
Observed price2021-09-1744.6
Observed price2021-10-0342.7
Observed price2021-10-1142.4
Observed price2021-10-2344.7
Observed price2021-11-0443.0
Observed price2021-11-2439.7
Observed price2021-11-2838.3
Observed price2021-12-1041.2
Observed price2021-12-2242.2
Observed price2022-01-1143.4
Observed price2022-01-1544.7
Observed price2022-01-2342.7
Observed price2022-02-2043.0
Observed price2022-02-2444.4
Observed price2022-03-1241.9
Observed price2022-03-2044.3
Observed price2022-04-1344.0
Observed price2022-04-1745.1
Observed price2022-04-2146.3
Observed price2022-05-1138.7
Observed price2022-05-1939.5
Observed price2022-05-2741.2
Observed price2022-06-0838.8
Observed price2022-06-1636.0
Observed price2022-07-1437.2
Observed price2022-07-2238.1
Observed price2022-07-2639.2
Observed price2022-08-1542.3
Observed price2022-08-2740.4
Observed price2022-09-0842.7
Observed price2022-09-1243.5
Observed price2022-09-2438.8
Observed price2022-10-1039.6
Observed price2022-10-2641.8
Observed price2022-10-3043.0
Observed price2022-11-0341.5
Observed price2022-11-2743.8
Observed price2022-12-1347.2
Observed price2022-12-2946.4
Observed price2023-01-0645.7
Observed price2023-01-1845.1
Observed price2023-01-2646.4
Observed price2023-02-0348.5
Observed price2023-02-1946.6
Observed price2023-02-2746.8
Observed price2023-03-1948.7
Observed price2023-03-2348.1
Observed price2023-04-1251.1
Observed price2023-04-2451.3
Observed price2023-05-0252.9
Observed price2023-05-2253.7
Observed price2023-05-2651.1
Observed price2023-06-0750.9
Observed price2023-06-1954.1
Observed price2023-06-2753.5
Observed price2023-07-1352.7
Observed price2023-07-2153.1
Observed price2023-08-0650.8
Observed price2023-08-2250.4
Observed price2023-08-3054.3
Observed price2023-09-1154.6
Observed price2023-09-2752.1
Observed price2023-10-0952.4
Observed price2023-10-1349.5
Observed price2023-10-2550.0
Observed price2023-11-1454.0
Observed price2023-11-1854.6
Observed price2023-11-3055.8
Observed price2023-12-2055.7
Observed price2024-01-0157.5
Observed price2024-01-0558.2
Observed price2024-01-1761.0
Observed price2024-01-2961.3
Observed price2024-02-1466.0
Observed price2024-02-2266.4
Observed price2024-03-0967.6
Observed price2024-03-1767.1
Observed price2024-03-2968.3
Observed price2024-04-1867.4
Observed price2024-04-2673.2
Observed price2024-05-0472.3
Observed price2024-05-2475.6
Observed price2024-05-2875.1
Observed price2024-06-0977.1
Observed price2024-06-2177.7
Observed price2024-07-0776.1
Observed price2024-07-1578.0
Observed price2024-08-0473.5
Observed price2024-08-0875.0
Observed price2024-08-2880.3
Observed price2024-09-0181.0
Observed price2024-09-2183.9
Observed price2024-09-2583.5
Observed price2024-10-1187.1
Observed price2024-10-3184.0
Observed price2024-11-0888.3
Observed price2024-11-1288.7
Observed price2024-12-0290.5
Observed price2024-12-1889.5
Observed price2024-12-2691.5
Observed price2024-12-3089.7
Observed price2025-01-1999.3
Observed price2025-01-23101
Observed price2025-02-12106
Observed price2025-02-16106
Observed price2025-03-0897.5
Observed price2025-03-1296.4
Observed price2025-03-24103
Observed price2025-04-1394.0
Observed price2025-04-25101
Observed price2025-04-29103
Observed price2025-05-19106
Observed price2025-05-27106
Observed price2025-06-1298.6
Observed price2025-06-16101
Observed price2025-06-28106
Observed price2025-07-22103
Observed price2025-07-30107
Observed price2025-08-11103
Observed price2025-08-23105
Observed price2025-09-08108
Observed price2025-09-1699.2
Observed price2025-09-2497.9
Observed price2025-10-0696.3
Observed price2025-10-1496.3
Observed price2025-10-26102
Observed price2025-11-11103
Observed price2025-11-2397.7
Observed price2025-12-01101
Observed price2025-12-1392.0
Observed price2026-01-0697.8
Observed price2026-01-1493.7
Observed price2026-01-2693.3
Observed price2026-02-0775.8
Observed price2026-02-2776.8
Observed price2026-03-0373.8
Observed price2026-03-0772.4
Observed price2026-03-2769.2
Observed price2026-04-1664.4
Observed price2026-04-2060.7
Observed price2026-04-2464.3
Observed price2026-05-1452.9
Observed price2026-05-2657.6
Observed price2026-06-0347.7
Observed price2026-06-1147.2
Observed price2026-07-0143.1
Observed price2026-07-0945.0
Observed price2026-07-2143.2
Observed price2026-07-2946.0
Observed price2026-08-1451.8
Observed price2026-08-2249.9
Observed price2026-09-1143.0
Observed price2026-09-2143.7
Observed price2026-09-2244.9
Observed price2026-09-2543.9
Published advisor forecast2026-09-1843.3
Published advisor forecast2026-12-1842.0
Published advisor forecast2027-03-1843.7
Published advisor forecast2027-06-1845.0
Published advisor forecast2027-09-1845.9
Published advisor forecast2027-12-1847.8
Published advisor forecast2028-03-1850.2
Published advisor forecast2028-06-1852.2
Published advisor forecast2028-09-1853.7
Published advisor forecast2028-12-1855.9
Published advisor forecast2029-03-1858.1
Published advisor forecast2029-06-1859.9
Published advisor forecast2029-09-1861.1
Published advisor forecast2029-12-1862.9
Published advisor forecast2030-03-1864.8
Published advisor forecast2030-06-1866.1
Published advisor forecast2030-09-1867.4
Published advisor forecast2030-12-1869.4
Published advisor forecast2031-03-1870.8
Published advisor forecast2031-06-1872.2
Published advisor forecast2031-09-1873.7

2. Scenarios & Signals

Bull case

The bull case activates when share stabilises and the deal closes clean in the same six months. FARAWAVE Ultra halts pulsed-field erosion above 60% share, Penumbra consolidates without remedy, and restructuring savings arrive faster than the 2029 schedule. Each reinforces the next: restored growth rebuilds forecast credibility, credibility restores the multiple, and frees the buyback again. At USD 5.50 of 2031 adjusted on an 18x multiple, the shares approach USD 100 — a full recovery of the 2025 rating.

Bear case

The bear case activates if pulsed-field share keeps sliding while USD 11B of acquisition debt sits on the . A third guidance cut confirms erosion is structural, Watchman stays flat, and integration costs consume the restructuring savings before they reach earnings. Leverage then constrains the buyback that has been supporting the share count, and FDA quality escalation compounds the pressure. Adjusted stalls near USD 3.00 on a 12x multiple, implying the mid-thirties — a , not a recovery.

Current crowd narrative

The consensus has performed a violent role reversal: BSX went from untouchable medtech to structurally impaired share-loser in eight months, and the tape agrees — roughly 60% below the September 2025 peak with no split involved [1][2]. Sell-side models remain stale, with a USD 71.91 average target against Citi's USD 50 [15]. The anchoring bias is on electrophysiology as the whole company.

Alpha-gap assessment

The crowd underestimates these shares. The evidence chain is specific: a 17.6x trailing and roughly 13x on USD 3.28–3.32 adjusted prices Boston Scientific as an ex-growth asset, yet three-quarters of revenue still grows near 6% and trailing of USD 3.62B implies a 5.6% yield. The blind spot is composition — investors extrapolated one decelerating quarter of two franchises across a diversified portfolio. Offsetting that: USD 11B of acquisition debt and FDA quality overhang justify some discount, just not this one.

Convergence catalyst

The February 2027 fourth-quarter print, when management frames 2027 explicitly as a below-market trough year. Clearing that admitted-low bar removes the third-cut fear that dominates positioning. The first observable sign of repricing is non-electrophysiology revenue confirmed near 6% alongside restructuring savings appearing in adjusted .

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