ATEC - Missed Out On Intuitive Surgical's Boom? This Stock May Be a Better Buy Now
2023-06-06 07:00:00 ET
Intuitive Surgical , maker of the da Vinci robotic surgical systems, has been one of the hottest medtech stocks in healthcare lately, with its shares up more than 34% in the past three months. The stock may not be a good buy right now, though, as it is trading for around 84 times earnings.
There are other ways to ride the robotic surgery wave that are less expensive and may have more upside. Alphatec Holdings (NASDAQ: ATEC) is one such company. Its systems focus solely on spinal surgeries. Over the next few years, the over-65 population is expected to grow to 20% of the total population, according to the U.S. Census.
Let's see why Alphatec could be a good choice for investors now.
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Missed Out On Intuitive Surgical's Boom? This Stock May Be a Better Buy Now