Key Points
- Intuitive Surgical stock is up 11% the day after delivering a strong earnings report.
- ISRG stock carries a forward P/E ratio of 64x which means investors are paying a hefty premium for the stock.
- The robotic surgical systems manufacturer struggled as demand for surgical procedures declined during the pandemic.
- As surgical procedures rise, so are installations of the company’s da Vinci system.
- AI could be a catalyst that drives further growth in ISRG stock.
- 5 stocks we like better than Intuitive Surgical
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