Why Intuitive Surgical Is a Buy After Reporting Q4 2019 Earnings
Connected healthcare company Intuitive Surgical (NASDAQ: ISRG) put the final wrap on 2019, reporting a strong finish to the year for the company's daVinci lineup of robotic surgery machines and related services. It's been an epic run over the last decade, and the still-nascent robotic-assisted surgery industry has plenty of open space ahead of it.
However, Intuitive's guidance to kick off 2020 left some investors looking for more, and the stock has pulled back over 7% from all-time highs as of this writing. A breather was perhaps in the cards after the 23% increase the stock notched last year, but short-termism looks to be setting up another buying opportunity for long-term shareholders.
Image source: Intuitive Surgical.
Source Fool.com
