Intuitive Surgical: A Leader in Robotic Surgery Continues to Set Records
Company Overview
Sunnyvale, California-based Intuitive Surgical, Inc. (ISRG) develops, manufactures, and markets medical instruments. A global leader in minimally invasive care, Intuitive is well-known for pioneering robotic-assisted surgery. The company, with a market cap of $193 billion, has operations in over 70 countries across the Americas, Indo-Pacific, and EMEA regions.
Significant Stock Performance
With a valuation exceeding $10 billion, Intuitive is categorized as a “large-cap stock.” The company’s strength in the minimally invasive care sector contributes to this high valuation. Notably, a surgeon begins a procedure using Intuitive’s da Vinci system every 13.8 seconds. Currently, over 9,500 da Vinci systems are in use globally, as Intuitive collaborates with its customers to improve patient outcomes and experiences while keeping costs manageable.
On November 22, Intuitive reached an all-time high of $552 but is now trading 1.8% lower than that peak. In the last three months, ISRG stock climbed 11.3%, surpassing the Dow Jones Industrial Average’s ($DOWI) 8.7% gain in the same period.
Remarkable Year-to-Date Growth
Looking at a longer time frame, ISRG’s stock performance shines even brighter. Year-to-date, the stock has jumped 60.7% and increased by over 74.4% in the last 52 weeks, outpacing DOWI’s 19.2% growth in 2024 and 26.8% over the past year.
Indicating a positive trend, Intuitive has traded above its 50-day moving average since mid-May, showing only minor fluctuations. Over the past year, the stock has consistently remained above its 200-day moving average.
Strong Q3 Earnings Propel Stock Higher
Intuitive’s stock surged over 10% during the trading session following its impressive Q3 earnings report released on October 17. The company has experienced growing demand for its da Vinci systems, with procedures increasing by approximately 18% compared to the same quarter last year. During this quarter, Intuitive placed 379 da Vinci systems, up from 312 in the previous year, resulting in a total of 9,539 systems installed worldwide.
This performance led to a remarkable 16.9% year-over-year growth in total revenues, exceeding $2 billion and surpassing analysts’ expectations by 1.2%. Additionally, the adjusted earnings per share rose 26% year-over-year to $1.84, exceeding consensus estimates by an impressive 25.8%.
Comparative Performance and Analysts’ Ratings
Intuitive has also outperformed its competitor, Cooper Companies, Inc.’s (COO) 10.4% year-to-date gains and 26% returns in the last 52 weeks.
Among the 26 analysts covering ISRG stock, the consensus rating is a “Moderate Buy.” The average price target stands at $547.88, which is a modest 1.1% above its current trading levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
