ISRG: Intuitive Surgical

Solid company. Debt free, growing business, and some rock-solid margins.

My only issue here is valuation. In my opinion, the company has zero margin of safety here. You're paying nearly 100x its operating cash flows.

It is crazy to me to see all these price target updates to the upside when earnings are only expected to grow by 15-20% annually. Analysts expect earnings of around $7.80 next year but have price targets in the $620 range. So they're effectively saying 79x earnings is an appropriate valuation.

The company seems like it's priced to perfection. One I am happy watching from the sidelines.