5 Stocks That Will Change the Future

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

Number of Hedge Fund Holders: 67

Intuitive Surgical, Inc. (NASDAQ:ISRG) manufactures products that enhance the quality of and access to minimally invasive care. It is a leading medical device company and has developed the robotic Da Vinci Surgical System.

Matt Miksic at Barclays holds an Overweight rating and a $385 price target on Intuitive Surgical, Inc. (NASDAQ:ISRG) shares as of July 24.

In the first quarter, 67 hedge funds were long Intuitive Surgical, Inc. (NASDAQ:ISRG), with a total stake value of $2.2 billion.

This is what Baron Funds said about Intuitive Surgical, Inc. (NASDAQ:ISRG) in its second-quarter 2023 investor letter:

“Strength in health care equipment was largely due to the outperformance of sleep apnea device company Inspire Medical Systems, Inc. and robotic surgery system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). Intuitive Surgical, Inc. manufactures and markets the da Vinci Surgical System, a robotic system used for minimally invasive procedures. Shares increased after Intuitive reported strong first quarter financial results highlighted by a 26% increase in procedures and raised guidance for 2023. These results, which came in well above Street estimates, were driven by strength in general surgery procedures in the U.S. and non-urology procedures outside the U.S. We continue to believe Intuitive has a large opportunity to expand the use of robotic surgery over time.”