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7 Best Robotics Stocks to Buy Now

Modern High Tech Authentic Robot Arm holding CPU chip: What are the best robotics stocks to buy now?

Key Points

  • Emerging growth and innovation in the robotics sector present compelling investment opportunities.
  • Technological advancements, strategic positioning and solid financial performance drive the attractiveness of specific stocks.
  • Including carefully chosen robotic stocks can align investment portfolios with the promising trajectory of the industry.
  • 5 stocks we like better than ABB.

Investing in robotics means investing in a rapidly evolving landscape where technology takes center stage. The realm of robotics has emerged as a beacon of innovation and potential. Picture a future where robots collaborate seamlessly with humans, revolutionizing industries, streamlining processes and redefining what is possible. 

The rise of robotics companies and the surge in publicly traded robotics stocks have ignited the curiosity of investors seeking to capitalize on this transformative wave.

We'll look at the top robotic companies to invest in, those at the forefront of innovation, harnessing cutting-edge technology to shape industries and carving a path toward long-term growth. 

Overview of Robotics Stocks 

When researching a robotics company, you're venturing into technological transformation and investment potential. The top robotics stocks belong to companies at the forefront of the robotics revolution, driving innovation and reshaping industries through cutting-edge automation technologies. These companies, often called robotic or robot companies, are at the heart of creating and advancing various forms of robotics, from industrial automation to AI-driven solutions. There are key factors to consider when evaluating robotic stocks for investment. First, dig into the company's competitive advantage and unique selling proposition within the robotics market. Understanding their position and differentiation can offer insights into their potential for growth and longevity.

Take time to explore the industries that these companies impact. Are they driving change in manufacturing, healthcareelectric vehicles or other sectors? The influence a company has on high-impact industries can indicate its potential for success. Take a close look at the company's financial performance. Analyze its profitability, revenue growth and overall financial stability. A strong financial foundation suggests resilience in the face of market fluctuations

Then, consider the company's commitment to technological innovation. Are they pioneers in artificial intelligence stocks, automation or other transformative technologies? An emphasis on continuous innovation often correlates with long-term growth potential.

Next, assess the leadership and management team. Experienced leadership can steer the company through challenges and drive strategic decisions for sustainable success. Research the metrics that make up the company’s stock valuation concerning its growth prospects.

Understanding the balance between potential returns and valuation is crucial for prudent investment decisions. You can find research materials on MarketBeat, the NYSE or the Nasdaq. Finally, explore opportunities among publicly traded robotics companies. These companies offer accessible entry points for investors interested in the robotics revolution.

These pioneering companies are at the forefront of the robotics revolution, driving innovation and reshaping industries through cutting-edge automation technologies. Investors can make informed decisions that align with their long-term goals by carefully evaluating factors such as competitive advantage, industry impact, financial performance, technological innovation and leadership valuation metrics. 

Why Invest in Robotics Stocks?

When considering your investment portfolio, the allure of robotics stocks presents compelling reasons that align with the dynamic landscape of modern investing. These stocks belong to visionary robotic companies that hold the potential to drive significant growth and innovation. 

Investing in a robot company unveils a host of strategic advantages that cater to the astute investor seeking both short-term gains and long-term prosperity.

  • Technological transformation and disruption: Investing in robotics stocks grants you a front-row seat to the technological change reshaping industries. These companies are at the forefront of pioneering cutting-edge automation technologies, fundamentally altering traditional business models and operational processes. As industries adapt to this new era, robotic companies benefit from the demand for more efficient, automated solutions.
  • Expanding applications: The reach of robotics spans diverse sectors, including manufacturing, healthcare, logistics and beyond. This diversity underscores the versatility of these investments, offering exposure to a wide range of industries poised for growth. The robotic automation companies you invest in can capitalize on these expanding applications, driving value across various sectors.
  • Innovation and competitive edge: Robotic companies are synonymous with innovation. By investing in these stocks, you align with entities that consistently push the boundaries of what is possible in automation and AI robotics. Their commitment to continuous innovation establishes a competitive edge, positioning them for sustained success.
  • Rising global demand: The global appetite for robotics and automation solutions is rising. The demand for robotic products and services surges as industries strive for increased efficiency, reduced costs and enhanced productivity. This demand dynamics can fuel the growth of the robotic companies you invest in, potentially resulting in robust returns.
  • Long-term growth potential: The trajectory of robotics stocks points toward long-term growth potential. As automation becomes an integral part of various industries, the companies driving this transformation stand to benefit over the years. This aligns with your goal of securing investments that can generate consistent returns and appreciation.
  • Addressing labor challenges: Robotic automation companies address the challenges of labor shortages and rising labor costs. These solutions offer efficiency gains, streamlining processes and reducing reliance on human labor. Investing in such companies positions you to tap into a market where robotic solutions are becoming indispensable.
  • Investing in the future: The decision to invest in robotics stocks extends beyond financial gain. It signifies an investment in the future, where technology continues to evolve, transform industries and improve lives. By supporting and benefiting from the growth of robotic companies, you become an active participant in shaping the course of technological advancement.

Investing in robotics stocks offers a comprehensive spectrum of advantages. It grants you access to technological disruption, innovation and global demand for automation solutions. Moreover, the potential for substantial long-term growth underscores the value of including these stocks in your investment strategy. 

Best Robotics Stocks to Buy Now

With a firm understanding of the advantages of investing in robotics stocks, let's take a few minutes and look at some companies at the heart of innovation and growth. Our exploration leads us to the forefront of the robotics revolution, where companies are shaping the future through cutting-edge automation technologies. 

Stock Name

Ticker

Market Cap

Industry Sector

UiPath Inc.

PATH

$8.68 billion

Robotics and automation

iRhythm Technologies

IRTC

$4.27 billion

Healthcare

Nvidia

NVDA

$762.53 billion

Technology

iRobot

IRBT

$1.75 billion

Consumer electronics

Intuitive Surgical

ISRG

$116.48 billion

Healthcare

ABB Ltd.

ABB

$77.04 billion

Industrial automation

Teradyne

TER

$37.12 billion

Semiconductor equipment

1. UiPath Inc. NYSE: PATH

UiPath Inc. NYSE: PATH is a standout choice among top robotic companies, offering compelling reasons for inclusion in a well-rounded investment portfolio. Established in 2005, UiPath has rapidly ascended in the robotics sector, boasting cutting-edge robotic process automation (RPA) software. 

This technology has become a game-changer across industries, optimizing processes and driving operational efficiency. Guided by visionary leadership, including cofounder and co-CEO Daniel Solomon Dines, UiPath demonstrates strategic foresight and a commitment to sustained growth.

UiPath's transformative influence extends to critical industries like manufacturing and healthcare logistics, where its innovations have made substantial contributions. UiPath’s financials display stability and resilience, weathering diverse economic conditions while showcasing consistent performance. 

UIPath financials about robotics stocks

2. iRhythm Technologies NASDAQ: IRTC

iRhythm Technologies NASDAQ: IRTC is a prime contender among the best robotic companies to invest in, offering compelling rationales for its place in a diversified investment portfolio. Founded to revolutionize the healthcare sector, iRhythm Technologies has pioneered wearable biosensing technology that monitors heart rhythms remotely, providing valuable insights for early detection and diagnosis. This forward-thinking approach aligns seamlessly with the evolving AI and robotics landscape, potentially revolutionizing patient care and reshaping the medical industry.

At the heart of iRhythm's competitive advantage lies its innovative biosensor technology, which empowers patients and healthcare providers with real-time data and analytics. This paradigm shift has improved diagnostic accuracy and a more personalized approach to patient treatment. As a result, iRhythm is driving significant change in the healthcare sector, propelling it to the forefront of AI robotics stocks. Reviewing iRhythm’s competitors reveals that iRhythm stands ahead of most of its peers. The company's dynamic leadership, combined with strategic collaborations and a robust innovation pipeline, positions it as a significant player in healthcare robotics. Amidst an era of rising interest in robotic stocks, iRhythm Technologies is a technological innovator poised to navigate changing market dynamics while delivering substantial value to investors and the healthcare landscape.

iRhythm's competitors

3. NVIDIA Corporation NASDAQ: NVDA

When evaluating potential investments in robotics, NVIDIA Corporation NASDAQ: NVDA emerges as a standout choice among the best AI robotics stocks. Founded in the realm of graphics processing units (GPUs) for computers, NVIDIA has transcended its origins to become a transformative force in the AI and robotics landscape, making it a compelling addition to any diversified portfolio.

NVIDIA's competitive advantage is deeply rooted in its technological prowess, particularly in GPUs and AI supercomputers. This strategic focus has propelled the company to the top of the list of robotic companies to invest in, as it actively pioneers AI-driven breakthroughs across industries. Its GPUs power cutting-edge graphics and AI and deep learning applications, driving innovation in robotics and automation technology. The company's contributions have far-reaching industry impact, influencing fields as diverse as autonomous vehicles, healthcare diagnostics and industrial automation, positioning NVIDIA as a cornerstone of top robotics companies.

NVIDIA's consistent growth underscores its resilience in the ever-evolving tech landscape. The company's impressive financial performance has been instrumental in securing its position as one of the best robot stock assets. The company’s dividend also attracts investors looking for passive income from their investments. Reviewing NVIDIA’s dividend data reveals that it has successfully distributed dividends for several years. Its forward-thinking management team and strategic partnerships further amplify its competitive edge, fostering a collaborative environment that cultivates AI and robotics advancements. 

The synergy between Nvidia's technological leadership and its market presence underscores its prominence among the best robotic companies stocks to invest in, promising a prosperous journey in the dynamic world of robotics investments.

NVIDIA overview

4. iRobot Corporation NASDAQ: IRBT

iRobot Corporation NASDAQ: IRBT shines as a standout among the best robot stocks and is known for pioneering user-friendly home robotics. The company's innovative approach is evident through its iconic Roomba line of robotic vacuum cleaners, which have redefined household cleaning and positioned iRobot among the top robotic companies to invest in.

iRobot's impact extends beyond homes, with a strategic focus on broader robotic applications. This places the company at the forefront of the industry, emphasizing its growth potential. Supported by strong technological leadership and a visionary management team, iRobot navigates markets adeptly and thrives in the automation trend. iRobot’s financials, valuation metrics and market presence are all rock-solid. These solid metrics, alongside the company’s global reach and partnerships, mean the company has a promising long-term outlook and alignment. 

5. Intuitive Surgical Inc. NASDAQ: ISRG

Intuitive Surgical Inc. NASDAQ: ISRG is a notable contender in the robotics industry, particularly in robotic-assisted surgical systems. Renowned for its pioneering da Vinci Surgical System, the company has redefined medical procedures by enhancing precision and minimizing invasiveness in surgeries. Intuitive Surgical's steadfast commitment to advancing medical robotics solidifies its position as a compelling option in robotic stocks.

The company's impact extends beyond Intuitive Surgical’s financial metrics, as its technological leadership and dedication to innovation play a pivotal role in shaping the future of medical practices. Intuitive Surgical's profound influence on the healthcare industry underscores its potential to drive enduring transformation and establish itself among the top robotic companies. The company's strategic partnerships and global presence further emphasize its significant role in guiding the industry's trajectory.

Exploring Intuitive Surgical for investment consideration involves evaluating its competitive advantage and regulatory landscape's long-term prospects. As technology continues to drive demand for robotic solutions in healthcare, Intuitive Surgical presents itself as a strategic choice that aligns with evolving market dynamics and economic conditions.

Intuitive Surgical financials

6. ABB Ltd. NYSE: ABBNY

ABB Ltd. NYSE: ABBNY has emerged as a standout leader, epitomizing the rise of the robotics industry. ABB is renowned for its cutting-edge automation solutions and boasts a robust portfolio of robotics products and services catering to diverse industries. The company's innovative prowess is exemplified through advancements like collaborative robots (cobots) and autonomous mobile robots (AMRs), underscoring its competitive edge. 

ABB's commitment to research and development has propelled it to the forefront of technological leadership, staying ahead of the curve and meeting evolving customer needs. Financially robust, ABB demonstrates a history of consistent profitability and strong cash flow generation. Positioned to capitalize on the projected growth of the global robotics market, ABB's potential for expansion aligns with the industry's anticipated compound annual growth rate (CAGR) of 13.6% from 2022 to 2027.

ABB's global footprint and strategic partnerships enhance its market influence, operating across over 100 countries and collaborating with industry giants. The company's responsible practices and adherence to regulatory standards reinforce its reputation as an ethical industry leader, working to minimize its environmental impact. Reviewing ABB’s institutional ownership reveals that over 250 institutional investors believe in ABB’s prospects. ABB presents a compelling investment opportunity, boasting innovation and global reach alignment with the upward trajectory of robotics and automation, making it a valuable addition to any investment portfolio.

Institutional ownership overview of ABB

7. Teradyne Inc. NASDAQ: TER

Teradyne Inc. NASDAQ: TER is a prime candidate for your investment portfolio. Teradyne dominates the robotics landscape's formidable presence, rooted in its rich company history and commitment to innovation. Teradyne's competitive advantage is exemplified by its mastery of cutting-edge automation solutions. The company's robust portfolio of robotics products and services caters to various industries, including manufacturing and logistics healthcare. Teradyne's expertise extends to pioneering new technologies, such as collaborative robots (cobots) and autonomous mobile robots (AMRs), showcasing its technological leadership.

Teradyne's financial performance and history of profitability mirror its potential for growth in the robotics industry. Moreover, the company is poised to capitalize on the robust demand for automation solutions, as the global robotics market should experience substantial growth. 

Teradyne's stock performance, strategic partnerships and global presence enhance its market influence, solidifying its position among the top robotics companies. The company's adherence to regulatory standards and sustainability practices reinforces its reputation as a responsible industry leader.

Teradyne stock chart for the best robotics stocks

The Robotic Investment Advantage

Reviewing robotics stocks unveils a compelling advantage that promises financial rewards and a stake in shaping the future. The evolution of technology has ushered in a new era of companies that stand as pioneers driving this transformation. 

These best robotic stocks represent a gateway to the forefront of innovation, providing a strategic avenue to diversify your investment portfolio. By aligning your investments with the rapid advancements in automation, you tap into the heartbeat of industries poised for monumental change. 

Should you invest $1,000 in ABB right now?

Before you consider ABB, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ABB wasn't on the list.

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Jeffrey Neal Johnson
About The Author

Jeffrey Neal Johnson

Contributing Author

Retail and Technology Stocks

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
ABB (ABBNY)N/A$54.69+1.4%1.06%26.17HoldN/A
Intuit (INTU)
4.7563 of 5 stars
$643.39+1.0%0.65%62.47Moderate Buy$737.44
Intuitive Surgical (ISRG)
4.6109 of 5 stars
$524.43+0.1%N/A84.31Moderate Buy$554.17
iRobot (IRBT)
3.7217 of 5 stars
$7.44-0.4%N/A-1.62Hold$13.00
NVIDIA (NVDA)
4.9296 of 5 stars
$134.70+3.1%0.03%53.01Moderate Buy$164.15
UiPath (PATH)
3.4805 of 5 stars
$13.25+4.0%N/A-82.81Hold$17.50
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