Jim Cramer on Intuitive Surgical: “I’m Inclined to Recommend the Stock”

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the stocks that Jim Cramer weighed in on. In response to a caller’s query about the company, Cramer commented:

“You and I are in the exact same place. They were talking about the second quarter placement not being that good. I didn’t see it that way… I think they’ve got a lot in the pipe. I’m inclined to recommend the stock. I don’t see what the bears were squawking about.”

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

Intuitive Surgical (NASDAQ:ISRG) develops robotic systems for minimally invasive procedures. The company’s main products include the da Vinci Surgical System and Ion platform, along with training, support services, and digital tools for healthcare providers. While discussing the best performers of the last 20 years in May, Cramer mentioned the stock and said:

“Eighth best performer of the Mad Money era is Intuitive Surgical, ISRG, the creator of the minimally invasive Da Vinci Robotic Surgical System. This is another name that we found early on. I first interviewed someone from the company back in July of 2005 when the stock was trading at a split-adjusted price of $5 and change.

Since then, we’ve watched this Intuitive Robotic Surgical system… spread across the globe, constantly improving along the way and adding more types of procedures that it could do. The company’s now [a] $184 billion behemoth, and this stock has given you more than 10,000% gain since the show got started. I think this is as relevant as ever. Company just reported an excellent set of numbers last Tuesday. I’m proud to be a huge supporter of this.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.