There's little question that Intuitive Surgical (ISRG) has been one of the all-time great med-tech stocks and arguably has claim to a spot on the all-time list irrespective of industry. Not only has the company managed to drive strong adoption in selected indications, but virtually no credible competition has emerged in the robotic surgery space. Along the way, Intuitive has successively blown through price targets and typical standards of what makes for a fair price.
Q1 - More Of The Same
In most respects, the first quarter of 2012 was a pretty typical quarter for Intuitive Surgical. Revenue rose 28% (and beat estimates), as the company coupled 32% instrument/accessory growth to 24% system revenue growth. System sales rose 17% to 140 despite some weakness in Europe, and procedure growth remained strong (up 28%).
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Can Intuitive Surgical Make It To $1,000?
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