Intuitive Surgical's Worst Stretch in Years Isn't Scaring Wall Street -- Here's What Analysts Are Focused On Instead
The stock has dropped more than 30% this year.
Overview
Intuitive Surgical (NASDAQ: ISRG) has many qualities that appeal to investors, from a fantastic moat to a strong track record of earnings growth. But in recent months, that hasn't been enough to lift the stock. This robotic surgery leader has seen its stock price slide more than 30% so far this year.
Investors might be focusing on a slowdown in U.S. procedure growth, particularly in surgeries that can be postponed. And though overall growth still is climbing in the double digits, this may prompt investors to think twice before buying the stock.
Details
But analysts, with an overwhelming majority of buy recommendations, aren't scared by the stock's worst stretch in years. Let's consider what they're focused on instead.
Source
Originally published at www.fool.com.
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