Could Intuitive Surgical's Stock Price Triple By 2030?
Intuitive Surgical (NASDAQ: ISRG) is known for two things: its da Vinci robotic surgical suite, and being a powerhouse growth stock. Over the past 10 years, Intuitive Surgical's stock price has grown by upwards of 660%, with most of that happening after 2016. And thanks to rising global adoption of its high-tech approach to minimally invasive surgery, the company's wild growth could accelerate. This is definitely a stock for investors of all stripes to pay close attention to.
In my opinion, Intuitive has a real chance of tripling in value by 2030. To reach those levels, the stock would need to reach a price of about $2,000. I think this is realistic because the company's revenue largely comes from recurring sources and because high switching costs make it difficult for smaller competitors to steal its market share. Let's take a closer look at Intuitive's growth and its competitive positioning to see how realistic it might be for the stock to hit around $2,000 over the next nine years or so.
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Source Fool.com
