Is growth on the horizon for Intuitive Surgical (ISRG 0.50%)? In this clip from "3 Minute Stocks Updates" on Motley Fool Live, recorded on June 22, Motley Fool contributor Rachel Warren discusses the long-term potential with the medical device giant's stock despite slowing growth.
Rachel Warren: I think it's a really interesting company to look at if you are an investor in the healthcare space. I think one of the things we've seen with the stock, we've seen slowing growth of the business during the pandemic. Because one of the key things that's happened in the overall healthcare space, you've seen a slowdown in procedures along with resurgences in COVID-19, and of course, for a company like Intuitive Surgical, that very much impacts the number of systems that they sell and install on procedures utilizing its systems. I don't think it's about business. I think its leadership in the surgical robotics space and its continued dominance of market share is key. I think that foretells a lot of continued business growth. I would also note the company did go through a 3:1 stock split last Fall. Before that, it was trading up about 40% over the trailing year and the stock is up, last I checked, about 90% over the last five years.
