Could Intuitive Surgical Be a Millionaire-Maker Stock?
Intuitive Surgical (NASDAQ: ISRG) has risen almost 9% year to date, despite a tumultuous year for many healthcare equipment companies. But that shouldn't come as a surprise. For the past five years, the medical device stock has been a money-making machine, with revenue growing at a compound annual growth rate (CAGR) of 14.87%.
The reason for Intuitive's revenue successes is the company's main product, the da Vinci surgical system, which is the only surgical robot on the market designed for general surgery, according to the nonprofit ECRI Institute.
Image source: Getty Images.
Source Fool.com
