Prediction: This Could Become a Trillion-Dollar Stock by 2043
The list of companies with a market capitalization above $1 trillion is small, and highly exclusive. It includes some of the world's most successful and recognizable businesses, such as Microsoft and Apple. In 20 years, this clique will almost certainly get larger. Companies that join this elite group in the next two decades will need to provide market-beating returns along the way.
Let's look at one company which could pull that off: Intuitive Surgical (NASDAQ: ISRG). The company's market capitalization is just $89 billion, implying a compound annual growth rate (CAGR) of just under 13% through the next couple of decades. Let's see how it can get there.
Intuitive Surgical is the leader in the robotic-assisted surgery (RAS) market. The company's robotic device is called the da Vinci system. This machine has a claim to fame: In 2000, it became the first of its kind to earn clearance from the U.S. Food and Drug Administration. The da Vinci system is helping physicians perform minimally invasive procedures. Why is that important?
Source Fool.com
