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Down 18%, Should You Buy the Dip on Intuitive Surgical Stock?
Intuitive Surgical (NASDAQ: ISRG) was a pioneer in minimally invasive robotic-assisted surgery technology, and its leadership in the field has long been a key edge for the company. Thanks to strong sales growth and climbing profitability over the past two decades, it has rewarded long-term shareholders handsomely: The stock has returned a staggering 24,632% since its 2003 initial public offering.Yet even the best companies can't escape the stock market's regular ups and downs. At the time of this writing, global economic concerns and Intuitive Surgical's mixed outlook have caused shares of the medical device giant to drop by about 18% from the all-time high they set in January.But has this sell-off created a buy-the-dip opportunity, or is it a signal that more turbulence is ahead?Continue reading
Intuitive Surgical (NASDAQ: ISRG) was a pioneer in minimally invasive robotic-assisted surgery technology, and its leadership in the field has long been a key edge for the company. Thanks to strong sales growth and climbing profitability over the past two decades, it has rewarded long-term shareholders handsomely: The stock has returned a staggering 24,632% since its 2003 initial public offering.
Yet even the best companies can't escape the stock market's regular ups and downs. At the time of this writing, global economic concerns and Intuitive Surgical's mixed outlook have caused shares of the medical device giant to drop by about 18% from the all-time high they set in January.
But has this sell-off created a buy-the-dip opportunity, or is it a signal that more turbulence is ahead?
