Intuitive Surgical (ISRG) Stock Looks Fairly Valued Following Strong Q2 Results

Intuitive Surgical has delivered a 43.1% gain over the past three years, even as the stock has been weaker more recently. This puts fresh focus on whether the current US$412.18 share price is properly backed by the cash the business can generate. With new headlines around robotic surgery and strong recent revenue figures, the key issue now is how that share price lines up against the value implied by its cash flows. The 43.1% return over three years means anyone looking at Intuitive Surgical...