With Lots of Moving Pieces, Intuitive Surgical, Inc. Reports Yet Another Strong Quarter
Intuitive Surgical (NASDAQ: ISRG) shareholders like myself have gotten spoiled. After some lean years following the onset of the Affordable Care Act and the concurrent tightening of hospitals' budgets, the company has been on a tear: Shares have tripled since early 2014. The main reason is that the daVinci surgical robot is being used in more and more procedures, and that growth showed little signs of slowing down this quarter. Putting it in perspective, here's what this quarter's 15% growth looks like.
Procedure Growth at Intuitive Surgical. Data source: Infogram.
Keep in mind that, when the year began, management was calling for procedure growth of 9% to 12%. That firmly has been blown out of the water. So what else happened of note? Read below to find out.
Source: Fool.com
Intuitive Surgical Inc Stock
With 36 Buy predictions and not a single Sell prediction Intuitive Surgical Inc is an absolute favorite of our community.
With a current price of 445.35 € Intuitive Surgical Inc is right around the predicted target price of 449 €.
