5 Best Robotics Stocks To Buy Now

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

Number of Hedge Fund Holders: 69

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a California-based company that develops, manufactures, and markets products that enable healthcare professionals to improve the quality and access to minimally invasive care in the United States and internationally. Intuitive Surgical, Inc. (NASDAQ:ISRG)’s Da Vinci Surgical Systems provide integrated technologies for robotic-assisted surgeries. Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best robotics stocks to monitor. 

On October 25, Intuitive Surgical, Inc. (NASDAQ:ISRG) announced a $1 billion share repurchase agreement with Citibank. Intuitive Surgical, Inc. (NASDAQ:ISRG) will make an initial payment of $1 billion to Citi and receive nearly 3.6 million shares. The final settlement of the agreement is anticipated to occur in the last week of December. 

Truist analyst Richard Newitter on November 14 raised the price target on Intuitive Surgical, Inc. (NASDAQ:ISRG) to $300 from $260 and reaffirmed a Buy rating on the shares as part of a broader research note after his meetings with management teams at the MedTech San Francisco Bay Area bus tour. 

According to Insider Monkey’s data, 69 hedge funds were long Intuitive Surgical, Inc. (NASDAQ:ISRG) at the end of September 2022, compared to 56 funds in the prior quarter. Ken Fisher’s Fisher Asset Management held the leading position in the company, comprising 4.2 million shares worth $796 million. 

Polen Capital made the following comment about Intuitive Surgical, Inc. (NASDAQ:ISRG) in its Q3 2022 investor letter:

“Our sale of Intuitive Surgical, Inc. (NASDAQ:ISRG) reflected our concern that the company’s earnings growth over the next few years was likely to be somewhat lower than we would hope. Hospital and government capital budgets are coming under pressure from wage and supply chain inflation that they cannot readily pass on to patients and insurers. At the same time, the installed base of Da Vinci robots left to upgrade to new systems is low. If that slower growth view plays out, it would be difficult to get the double-digit annualized return we require, given the company’s higher valuation relative to most other companies in the Portfolio as of now.”

You can also take a look at 15 Most Volatile Stocks To Buy Now and 10 Best Robotics Stocks Under $10.