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The 3 Best Robotics Stocks to Buy in April 2024
InvestorPlace· 2024-04-01 18:37
Robotics Industry Overview - Robotics has the potential to transform industries like manufacturing and healthcare by creating new opportunities for automation and efficiency [1] - The rise of AI could drive robotics into a hyper-growth stage, offering long-term investment opportunities in cutting-edge technologies [1] Symbotic (SYM) - Symbotic is a leader in autonomous warehouse solutions, using AI to optimize storage, retrieval, and transportation of goods [2] - The company's revenue doubled consecutively since 2020, reaching $1.2 billion in 2023, a 98% year-over-year increase [2] - Symbotic operates in the $20 billion SCM software industry, with significant growth potential in retail-focused solutions [3] Intuitive Surgical (ISRG) - Intuitive Surgical is a pioneer in robotic-assisted surgery, with its da Vinci Surgical System used in over 13 million surgeries across various specialties [4][5] - The company reported strong Q4 2023 earnings, beating Wall Street estimates, with shares surging 10% post-earnings and rising 18% year-to-date [5] UiPath (PATH) - UiPath specializes in robotic process automation (RPA) and AI, enabling businesses to automate repetitive tasks across industries like banking, healthcare, and manufacturing [6] - Despite a 7% YTD share price decline, the company reported a 31% YOY increase in Q4 2023 revenue to $405 million and achieved its first GAAP profitable quarter [7]
Will Intuitive Surgical (ISRG) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-01 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Intuitive Surgical, Inc. (ISRG) . This company, which is in the Zacks Medical - Instruments industry, shows potential for another earnings beat.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.19%, on average, in the last two ...
The 3 Best Robotics Stocks to Buy in Q2 2024
InvestorPlace· 2024-04-01 10:22
The U.S. economy is on a positive trajectory, fueled by robust consumer spending and business investments. With profits rising steadily, there’s an encouraging trend of retaining employees, further supporting economic expansion. This market confidence will only contribute to the growth of innovation. And right now the best bet on the future is finding robotics stocks to buy. Projections indicate that the global business process automation market will expand at a CAGR of 11.4% until 2030. As businesses adapt ...
Is Intuitive Surgical Stock a Millionaire Maker?
The Motley Fool· 2024-03-30 11:18
Company Overview - Intuitive Surgical is a healthcare company specializing in robotic-assisted surgical systems, which aim to improve surgical precision and patient outcomes while driving industry efficiency [1] - The company has experienced significant growth and has the potential to become even larger and more valuable in the future [1] Financial Performance - In 2023, Intuitive Surgical reported $7 1 billion in revenue, a 14% increase from the previous year [2] - Instruments and accessories sales, driven by an increase in da Vinci procedures, accounted for $4 3 billion, representing 22% growth [2] - Net income increased by 36% to $1 8 billion [2] Market Potential - The robotic-assisted surgery system market is projected to be worth $9 5 billion in 2023 and grow at a CAGR of 13 5%, reaching $17 9 billion by 2029 [2] - Artificial intelligence (AI) and next-gen technologies could significantly ramp up demand for Intuitive's surgical systems [3][4] Technological Advancements - Intuitive Surgical is leveraging AI and machine learning to improve its surgical systems, using data from over 10 million procedures to enhance efficiency and assist surgeons [3] - Potential improvements include reducing visual noise for better visibility and assessing tissue thickness for more precise stapling [3] Investment Potential - Intuitive Surgical's market cap is approximately $140 billion, making it a large, established company rather than a small, up-and-coming business [5] - For an investment to grow to $1 million, Intuitive's market cap would need to reach between $2 8 trillion and $14 trillion, depending on the initial investment amount [6] - While achieving a trillion-dollar valuation is not impossible, it would require Intuitive to become one of the largest and most successful healthcare companies in the industry [6][7] Long-Term Outlook - Intuitive Surgical is considered a strong healthcare stock with transformative potential for the industry [8] - While the stock may not grow an investment to over $1 million without a significant initial investment, it still offers the potential for great long-term returns [8]
1 Magnificent Growth Stock to Buy and Hold
The Motley Fool· 2024-03-21 12:45
Over the past five years, Intuitive Surgical (ISRG -0.04%) has gone through numerous trials and tribulations. The pandemic significantly disrupted its operations, initially leading to worse financial results than hoped. Various economic issues, including supply chain problems, have also affected Intuitive Surgical in the past half a decade. Still, the medical device specialist has delivered solid returns during this period.Though Intuitive Surgical still has some challenges to deal with (more on that later) ...
Springtime Profits: 3 Growth Stocks Poised to Bloom in March
InvestorPlace· 2024-03-20 13:15
When seeking out potential investments, focusing on growth stocks can be a lucrative strategy for investors. Innovative companies with solid growth prospects often outperform the market, as represented by the S&P 500 index. While such companies typically come with a premium price tag, the allure of multibagger gains makes growth stocks attractive for many long-term investors. For instance, the Vanguard Growth ETF (NYSEARCA:VUG), an exchange-traded fund (ETF) giving exposure to large-cap U.S. growth stocks, ...
Intuitive Surgical, Inc. (ISRG) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-19 22:56
Stock Performance - Intuitive Surgical Inc (ISRG) closed at $390 53, marking a -0 53% move from the previous day, underperforming the S&P 500 which gained 0 57%, the Dow which added 0 83%, and the Nasdaq which gained 0 39% [1] - Over the past month, ISRG shares appreciated by 3 69%, outperforming the Medical sector's gain of 0 13% and the S&P 500's gain of 2 97% [1] Earnings and Revenue Expectations - The company is anticipated to report an EPS of $1 39 in its forthcoming earnings report, a 13 01% rise compared to the same quarter of the previous year [1] - Revenue is expected to be $1 87 billion, indicating a 10 09% increase compared to the same quarter of the previous year [1] - For the full year, analysts expect earnings of $6 18 per share and revenue of $7 98 billion, marking changes of +8 23% and +11 95% respectively from last year [2] Analyst Estimates and Revisions - Recent changes to analyst estimates for ISRG reflect evolving short-term business trends, with positive estimate revisions indicating optimism about the company's business outlook [2] - The Zacks Consensus EPS estimate remained stagnant within the past month, and ISRG currently has a Zacks Rank of 4 (Sell) [3] Valuation Metrics - ISRG has a Forward P/E ratio of 63 52, representing a premium compared to its industry's average Forward P/E of 27 [3] - The company's PEG ratio is 4 87, significantly higher than the Medical - Instruments industry average PEG ratio of 2 31 [3] Industry Overview - The Medical - Instruments industry, part of the Medical sector, has a Zacks Industry Rank of 70, placing it in the top 28% of all industries [4] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]
Intuitive Surgical: Great Company, But Looking Overpriced
Seeking Alpha· 2024-03-19 10:34
Intuitive Surgical's flagship da Vinci system 3alexd/E+ via Getty Images Intuitive Surgical, Inc. (NASDAQ:ISRG) has been on a tear over the last 12 months, up 61% since March last year. Revenues rebounded in 2023 to $7.1bn with 14% YoY growth, driven by a 21% increase in procedure volume of their flagship da Vinci system. The company is also in an excellent financial position with $5.2bn in cash and zero debt. However, with a P/E of 78.8 and an EV/EBITDA of 62.4 it may be looking expensive, and there are ...
Intuitive Surgical, Inc. (ISRG) da Vinci 5 Conference Call Transcript
2024-03-18 17:40
Company and Industry Overview * **Company**: Intuitive Surgical, Inc. (NASDAQ: ISRG) * **Industry**: Robotic-Assisted Surgery * **Product**: da Vinci 5, a new generation robotic surgical system Key Points da Vinci 5 Features and Benefits * **Enhanced Precision**: Incorporates next-generation surgeon controllers, patient-side manipulators, and additional sensors for smoother, more precise motion. * **Improved Imaging**: Features the highest quality and most natural 3D surgical imaging system to date, with additional capabilities for future generations of surgical endoscopes and vision software. * **Force Feedback Technology**: Provides real-time force measurement and feedback to surgeons, potentially reducing tissue trauma during surgery. * **Efficient Workflow**: Integrates a high-performance insufflator, next-generation electrosurgical unit, and optimized user interface for improved efficiency. * **Ergonomic Design**: Prioritizes ergonomics for surgeons and care teams, reducing physical strain and improving productivity. * **Increased Computing Power**: Offers 10,000x the computing power of previous generations, supporting advanced digital experiences and future features. Regulatory Clearance and Indications * FDA cleared da Vinci 5 for the same indications as da Vinci Xi, except for cardiac and pediatric indications. * Optional Force Feedback needle driver contraindicated for use in suturing in hysterectomy and myomectomy procedures. Financial Impact * Gross system ASPs for da Vinci 5 expected to be approximately 30% higher than Xi. * Total acquisition cost for da Vinci 5 approximately 15% higher than Xi when considering the full stack of integrated items. * Gross margins for da Vinci 5 expected to be significantly below the corporate average initially, with plans to improve over time. Launch Strategy * Phased launch in the U.S. starting in 2024, with a focus on customers who collaborated during development and those with mature robotic programs. * Limited launch phase expected to continue into 2025, with a focus on optimizing manufacturing and supply chains. * Broad launch expected in the first several years of the trading cycle. Competitive Positioning * da Vinci 5 will be positioned as the top product in Intuitive Surgical's portfolio, alongside da Vinci Xi, da Vinci X, and da Vinci SP. * da Vinci Xi will continue to be offered as a highly capable system for cost-sensitive markets and other sites of care. Future Outlook * da Vinci 5 expected to improve interoperative efficiency, increase procedure throughput, and potentially lower the total cost to treat per patient episode compared to Xi. * Intuitive Surgical plans to pursue additional indications for da Vinci 5 in future years. * da Vinci 5 expected to drive robotic surgery adoption and contribute to the evolution of surgical practice.
Intuitive Surgical's (ISRG) Da Vinci 5 Receives FDA Approval
Zacks Investment Research· 2024-03-15 15:11
Intuitive Surgical (ISRG) recently announced the FDA 510(k) clearance for its da Vinci 5 fifth-generation multiport robotic system.The newest member of the da Vinci family is da Vinci 5, which also comprises the single-port da Vinci SP and the multiport da Vinci X and Xi systems. They provide hospitals and surgeons with an array of Intuitive Surgical's extremely competent and tested solutions.With more than 7 million surgeries performed to date, surgeons and care teams worldwide have utilized Xi's extremely ...