#5 - Intuitive Surgical (NASDAQ:ISRG)
Intutitive Surgical Inc. (NASDAQ: ISRG) is the company that created the da Vinci robotic surgical system that has become the industry standard in the growing field of minimally invasive care. In 2023, over 2.2 million procedures were performed using the da Vinci system, and the company continues to install systems throughout the world.
Ten years ago, Intuitive Surgical was largely a hardware play, albeit in the field of robotics. That also means the company has been a forerunner in AI and will continue to do so in the future.
But long-term investors should focus on the software and systems side of the company’s business which is allowing the company to grow its topline with annual recurring revenue (ARR). In fact, approximately 83% of the company’s revenue is now coming from ARR.
While UNH is an ideal long-term stock, investors should look for a good entry point. As of August 27, 2024, the stock is trading around 93x forward earnings. That’s expensive by any measure. But investors should consider buying any meaningful pullback.
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
- $527.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $513.74 (2.6% Downside)
