3 Overvalued Growth Stocks to Sell Before They Correct by 30%

It's worth noting that Intuitive Surgical reported earnings per share of $1.46 for Q1 2024. On a year-on-year basis, the EPS increased by 23.7%. That would imply a price-earnings-to-growth ratio of 2.9 and underscores my view on stretched valuations. In terms of positives, the number of da Vinci Surgical Systems installed in hospitals globally continues to swell. That has translated into a sustained increase in recurring revenue. Further, of the total 9,203 da Vinci system installed base, 5,385 are in the U ...