#3 - Intuitive Surgical (NASDAQ:ISRG)
Among the characteristics of a Warren Buffet stock is the concept of a strong moat. That means a company that has products and/or services that are so entrenched it’s difficult for consumers to switch. That’s at least one reason that Intuitive Surgical, Inc. (NASDAQ:ISRG) makes this list of disruptive stocks.
The company’s lead product, the da Vinci surgical system is the de facto standard for replacing traditional laparoscopic surgery for some soft tissue procedures. The company has an installed base of over 7,500 units as of December 31, 2022. That number is more than all its competitors combined.
And because the company has established relationships with the medical community, it’s unlikely that its products will be switched out anytime soon. These products require regular maintenance and allow for additional accessories, both of which are provided by Intuitive Surgical.
The pandemic hurt the company’s growth. But revenue and earnings are projected to grow at a double-digit rate over the next five years which sets the company up for sustained success.
About Intuitive Surgical
Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.
Read More - Current Price
- $550.43
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $524.61 (4.7% Downside)
