Intuitive Surgical Stock Does Downtrend Channel Breakout

  • Post category:Technology
  • Reading time:8 mins read
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Intuitive Surgical stock has bucked the larger market downtrend and has formed bullish patterns on its chart as of March 26, 2023.

Intuitive Surgical Inc is a global corporation that specializes in manufacturing and marketing state-of-the-art surgical devices, tools, and systems that are used in minimally invasive (robotic) surgery. The company’s flagship product is the da Vinci Surgical System, which is designed to assist surgeons in performing complex procedures with enhanced precision and control, resulting in better patient outcomes. The company’s cutting-edge technology has revolutionized the world of surgery, making it possible for doctors to perform complex procedures with greater accuracy and efficiency. Intuitive Surgical Inc is headquartered in Sunnyvale, California, and has operations in over 60 countries around the world.

Intuitive Surgical Stock Analysis

Doing Intuitive Surgical stock analysis, we see that the stock has formed a downtrend channel breakout pattern as of March 26, 2023. The stock has also retaken its 50 day moving average and is set to test horizontal resistance at $260.90.

Intuitive Surgical stock chart on March 26 2023 with downtrend channel breakout pattern
Intuitive Surgical stock chart on March 26 2023 with downtrend channel breakout pattern

Intuitive Surgical installed 7,544 of its da Vinci surgical systems in hospitals and surgical facilities around the world as of the end of 2022.

Although expensive, the company’s da Vinci operating system is difficult to construct and only yields average profit margins. However, once Intuitive has customers who are locked into using its surgical system, it makes enormous amounts of high-margin revenue by selling instruments with each procedure and maintaining its systems. These higher-margin sales channels are gradually contributing more and more to overall revenue.

Over the past 5 years, Intuitive Surgical has grown its revenue by an impressive 14.7%.

Earnings at Intuitive Surgical are anticipated to rise by 54 percent in the coming years, pointing to a very promising future. Because of this, there should be more consistent cash flows, which will increase share value.

With an Outperform rating, William Blair launches Coverage of Intuitive Surgical Stock

William Blair is a global investment banking and asset management firm. The company offers a wide range of financial services such as equity research, investment banking, asset management, institutional sales and trading, mergers and acquisitions advisory, and venture capital funding. William Blair serves various clients including individuals, corporations, institutional investors, private equity firms, and venture capitalists.

Intuitive Surgical was the subject of new coverage on March 23, 2023, by William Blair analyst Brandon Vazquez, who rated the company as Outperform. According to the firm’s scenario analysis, the risk/reward ratio is favorable, with a potential upside of 33 percent and a potential downside of 19 percent over the coming year. According to the analyst’s research note to investors, Intuitive is less than 10% into its long-term treatment opportunity and 30% into its currently serviceable opportunity. The company believes that da Vinci is and will continue to be a key component in helping more patients benefit from minimally invasive surgery. Additionally, according to Blair, Intuitive’s new products can help explore already-existing opportunities in greater detail and open up brand-new markets.

Robotic Assisted Surgery: Always Learning EU

Robotic surgery is a type of minimally invasive surgery that uses robotic systems to perform surgical procedures. This technology allows surgeons to operate with a greater degree of precision and control, as well as providing them with enhanced visualization and dexterity. In robotic surgery, the surgeon sits at a console and controls robotic arms that are equipped with specialized surgical instruments. These instruments are inserted into the patient’s body through small incisions, and the surgeon uses them to perform the procedure while viewing a high-definition 3D image of the surgical site. Robotics surgery can be used for a wide range of procedures, including prostate removal, hysterectomy, heart valve repair, and many others.

Robotic surgery and what it’s all about is shown in this video from Intuitive Surgical.

Frequently Asked Questions

Is Intuitive Surgical a buy or sell?

As of March 26, 2023, we think Intuitive Surgical stock is a buy at $256.42, but it is important to conduct thorough research and seek the advice of a financial advisor before making any investment decisions.

Does Intuitive Surgical pay dividend?

Intuitive Surgical does not pay any dividends. Instead, the company focuses on reinvesting their profits into research and development to maintain their market position and continue to grow their business.

Do any famous investors own Intuitive Surgical stock?

Yes, there are several famous investors who own Intuitive Surgical stock. Some of them include: Warren Buffett, Ken Fisher, Jim Simons, Steven Cohen, and Philippe Laffont.

Who are the biggest shareholders of Intuitive Surgical stock?

Vanguard, Blackrock, T. Rowe Price, State Street, and JP Morgan Chase.
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