- Despite the disruption caused by the COVID-19 Delta variant, Intuitive Surgical fared well in the third quarter and experienced a year-over-year rise in procedures and da Vinci system placements.
- Intuitive is a dominant player in the surgical robotics market and is poised to capture additional business with the growing adoption of robotic-assisted surgeries.
- While I am optimistic about Intuitive’s long-term prospects, I currently have a Neutral stance owing to the stock’s lofty valuation.
For further details see:
Intuitive Surgical: Compelling Growth Prospects, But Valuation Seems Stretched