5 Best Robotics Stocks To Buy For 2022

1. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 61    

Intuitive Surgical, Inc. (NASDAQ:ISRG) is well positioned to take advantage of the rapid growth in the robotics sector over the next few years as the balance sheet and free cash flows of the firm are impressive given the overall situation of the market. The success of the da Vinci Surgical System has given investors confidence that the firm can deliver. At the end of the third quarter of 2021, 61 hedge funds in the database of Insider Monkey held stakes worth $3.5 billion in Intuitive Surgical, Inc. (NASDAQ:ISRG). The company markets robotics equipment for the health sector. 

Goldman Sachs analyst Amit Hazan recently added Intuitive Surgical, Inc. (NASDAQ:ISRG) stock to a Conviction Buy List and maintained a Buy rating with a price target of $425, forecasting that a new system launch would be a key driver of growth for the firm in the coming months.

In its Q1 2021 investor letter, Ensemble Capital, an asset management firm, highlighted a few stocks and Intuitive Surgical, Inc. (NASDAQ:ISRG) was one of them. Here is what the fund said:

“Notable detractors to the Fund’s returns this quarter (included) Intuitive Surgical. Intuitive Surgical’s (6.3% weight in the Fund) growth slowed in 2020 as COVID hit the brakes on many elective surgeries. Given continued COVID-related risks in the US and Europe in 2021, it’s still unclear as to when elective surgeries recover to more normal levels. As such, hospitals may be holding off on planned surgical robot investments until demand rebounds. That said, in Asia, where COVID has been well contained, Intuitive Surgical’s procedures and systems utilizations improved, which bodes well for recovery in the US and EU. Most procedures can’t be delayed indefinitely or canceled, so we continue to expect a resumption of strong, durable growth as the pandemic recedes.”

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