Intuitive Surgical: Too Late To Join The Party Now

Summary

  • Intuitive Surgical dip buyers who followed our call in August last year to add were slightly early, as ISRG didn't bottom out until October 2022.
  • However, ISRG bottomed out resoundingly and has outperformed the S&P 500 significantly, as early dip buyers benefited from the market's pessimism last year.
  • With ISRG's valuation normalized above its 10Y average, I no longer see the current levels as attractive.
  • ISRG's price action also suggests caution, as a pullback is increasingly likely.
  • We're currently running a sale for our private investing group, Ultimate Growth Investing, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »
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Intuitive Surgical, Inc. (NASDAQ:ISRG) investors have outperformed the S&P 500 (SPX) since it bottomed out in October 2022, in line with the growth in the company's capital placements on its da Vinci surgical system.

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This article was written by

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JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP.

He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks.

He focuses on identifying growth investing opportunities that present the most attractive risk/reward upside potential. His approach combines sharp price action analysis with fundamentals investing.

He tends to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities.

He runs the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. He focuses on ideas that has strong growth potential and well-beaten contrarian plays, with an 18 to 24 month outlook for the thesis to play out.

The group is designed for investors seeking to capitalize on growth stocks with robust fundamentals, buying momentum, and turnaround plays at highly attractive valuations.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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