5 Best Stocks That Will Always Grow

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

1-year Revenue Growth Rate: 13.81%

3-year Revenue Growth Rate: 17.16%

5-year Revenue Growth Rate: 13.71%

Number of Hedge Fund Holders: 82

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a dominant player in the surgical robotics market owing to its Da Vinci Surgical Systems. The company’s revenue increased 13.71% in the last five years.

On April 18, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported first-quarter earnings. The non-GAAP EPS reported was $1.50, which beat the market estimates by $0.08. The revenue climbed 11.8% year-over-year to $1.89 billion, which topped the estimates by $20 million.

Intuitive Surgical, Inc. (NASDAQ:ISRG) was part of 82 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $6.087 billion. Fisher Asset Management is the most prominent shareholder in the company and has a position worth $1.51 billion as of the fourth quarter of 2023. The company is among the best stocks that will always grow.

Baron Health Care Fund mentioned Intuitive Surgical, Inc. (NASDAQ:ISRG) in its first quarter 2024 investor letter:

“Intuitive Surgical, Inc. (NASDAQ:ISRG) sells the da Vinci surgical robotic system for minimally invasive surgical procedures. The stock rose after the company announced the planned launch of the da Vinci 5, its next-generation, multiport robotic system. The new system has 10,000 times the computing power of its predecessor and features over 150 design upgrades such as force feedback, improved visualization, and productivity enhancements. Intuitive plans to launch the device at a small number of customers in the U.S. before releasing it more broadly. We think the da Vinci 5 will enable Intuitive to continue to generate strong revenue and earnings growth and maintain its competitive edge.”