Is Intuitive Surgical Stock a Buy?
The company has returned 24,000% over its lifetime and has declined 20% from its high. However, investors should read this before buying the dip.
Robotic surgery has transformed the healthcare sector, improving patient treatment and outcomes. Intuitive Surgical (NASDAQ: ISRG) builds and sells the da Vinci, a robotic system used for various surgical procedures. The company's stock has also changed lives.
Intuitive Surgical has returned over 24,000% since 2000, dramatically outperforming the broader market and turning a $1,000 investment into nearly a quarter-million dollars.
These are the types of stocks investors should often look to buy when they pull back, as all stocks do. Today, Intuitive Surgical sits about 20% off its all-time high after a correction in the Nasdaq Composite (where it's listed). Should investors buy the stock on this dip?
