“I Like That,” Says Jim Cramer About Intuitive Surgical (ISRG)

Core Insights - Intuitive Surgical, Inc. (NASDAQ:ISRG) is a leading company in the surgical robotics market, with a year-to-date share price increase of 5.2% and a significant jump of over 17% in October following its third-quarter earnings report [2] - The company reported $2.51 billion in revenue and earnings per share of $2.40, both exceeding analyst expectations [2] - Intuitive Surgical anticipates a growth in procedures performed by its DaVinci robots, projecting an increase of 17% to 17.5% in 2025, which is an upward revision from the previous estimate of 15.5% to 17% [2] Company Performance - The third-quarter earnings report highlighted strong financial performance, with revenue and earnings surpassing analyst estimates [2] - The stock's performance has been positively influenced by the company's growth outlook and tangible product offerings, as noted by Jim Cramer [2][3] Market Position - Intuitive Surgical is recognized for its tangible products in contrast to more speculative stocks, which enhances its appeal to certain investors [2] - Despite the positive outlook, there are concerns regarding increased competition in the surgical robotics industry, as mentioned by Jim Cramer [3]