Intuitive Surgical stock with strong trend signal

Last Updated: 31. Januar 2024By

Exactly one year ago, I introduced you to the stock of Intuitive Surgical in this spot. My conclusion back then: „The recent setback could turn out to be a good entry opportunity.“

My analysis has proven to be correct. Since then, the stock price has increased by more than 50%. And after a strong trend signal, everything points to a continuation of the upward trend.

Intuitive Surgical: Number one in surgical robots I assume that not everyone is familiar with Intuitive Surgical. Therefore, I would like to introduce the company to you first. The company, founded in 1995 and based in Sunnyvale, California (the home of Alphabet), is the undisputed world market leader in surgical robots. The market share is around 80%.

The company is best known for its DaVinci surgical systems. The robot developed by Intuitive Surgical is used in thoracic or heart procedures as well as in urology and gynecology.

In many areas, surgical robots are indispensable because they work with a precision that a human is not capable of. Therefore, surgical robots are increasingly being used. Intuitive Surgical benefits from this development, which will continue in the coming years. In addition, the company earns money from every operation because it provides the appropriate accessories.

Strong jump in profits A few days ago, the US company announced its latest business figures. In the fourth quarter of 2023, revenue increased by 16% to $1.93 billion. The company earned $606.2 million, an increase of almost 87% compared to the previous year. Adjusted for one-time effects, the profit was $573.6 million or $1.60 per share. The expectations of analysts were clearly exceeded. They had expected an average result of $1.48 per share and revenues of $1.89 billion.

After a slightly weaker year in 2022, 2023 brought new records. In the full year, revenue increased by 14% to $7.12 billion. Net profit jumped by 35% to $1.82 billion.

As part of the figures presentation, the company also announced that it has filed an application with the US health authority FDA for approval of the next generation of its robot system, DaVinci 5. So the signs continue to point to growth. Analysts forecast average earnings increases of over 12% for the next five years.


Breakout to a new all-time high After the figures presentation, the stock price rose and hit a new all-time high at $384. With the rise above the previous high in November 2021 at just under $370, the stock of Intuitive Surgical delivered a strong trend signal.

From a technical point of view, everything speaks in favor of a continuation of the long-term upward trend. On an annual basis, the region around $450 is a realistic target.