Robotics is a rapidly evolving field, with new developments occurring regularly. As a result, the investment community is paying close attention. A slew of robotics-related stocks have popped up in recent years. Many individuals are considering the advantages of AI and robots in the aftermath of the pandemic, partially because it’s challenging to find labor – not to mention that salaries are skyrocketing. By the end of last year, we had experienced what many referred to as full employment.
This is due to the abundance of career opportunities. However, there aren’t as many individuals willing to pursue such opportunities or perform certain jobs. Skilled labor has been scarce, as we witnessed in the trucking industry, for example, which has resulted in increased expenses for businesses. Hence, due to human absence and apparent indifference, interest in robotics stocks is growing.
According to economists, the global market for industrial robotics is expected to surpass $165 billion by 2028. As more businesses rely on technology, now is a good moment to invest in robotics.
Join me while I break down three successful and respected robotics stocks with momentum to spare. Analysts consider these tickers to be wise additions to our growing portfolios:
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Intuitive Surgical Inc (ISRG)
Intuitive Surgical, Inc (ISRG) starts off this list for good reason. ISRG is an American company that produces and sells robotic equipment aimed at improving patient outcomes through minimally invasive surgery, notably through its ‘da Vinci’ Surgical System. This innovative robot is the first-ever that’s commercially available to perform surgery, and it has been the industry standard for surgical operations worldwide. It’s believed that over 1 million procedures are performed using it annually.
Financially, ISRG has consistently impressed Wall Street as far back as we can see. For its last four consecutive quarterly earnings reports, it has handily beaten analysts’ projections. In ISRG’s most recent report, it exceeded EPS expectations by 5.10% and revenue predictions by 4.36%. Year-over-year, ISRG shows revenue growth of 16.67% and EPS growth of 1.98%. ISRG shows $1.4 billion in sales for the current quarter, at $1.08 per share. The outlook is optimistic as ISRG continues to flex its relevance and persistent business model. Analysts offering 12-month price forecasts for ISRG have a median target of 340.00, with a high of 395.00 and a low of 294.00. The median estimate represents a 19.14% jump from its most recent price, and ISRG has a rock-solid buy rating that deserves the attention of investors.
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Zebra Technologies Corp (ZBRA)
Zebra Technologies Corp (ZBRA) is a mobile computing firm based in the United States that specializes in technology that allows users to evaluate and respond in real-time. ZBRA creates and distributes technology for tagging, tracking, and computer printing. Edward L. Kaplan and Gerhard Cless founded the company in 1969, and it is based in Lincolnshire, Illinois.
Now on to the numbers. ZBRA has had an impressive earnings history, having beaten Wall Street’s projections on both EPS and revenue for all of fiscal 2021. In its last fiscal report, it beat EPS forecasts by 3.14% and revenue predictions by 0.36%. ZBRA shows year-over-year revenue growth of 12.16%. For ZBRA’s current quarter, it boasts $1.4 billion in sales with an impressive EPS of $3.87 per share. As far as ZBRA’s outlook is concerned, the success is expected to continue. Analysts forecast future EPS/revenue growth, both quarterly and annually. The price target for ZBRA from analysts that provide 12-month predictions is 563.00, with a high estimate of 700.00 and a low of 400.00. The median estimate reflects an increase of 44.23% from current pricing, and ZBRA’s buy rating is well-earned.
Teradyne Inc (TER)
Teradyne, Inc (TER) is a North Reading, Massachusetts-based designer that produces automated test equipment. IBM, Samsung, Intel, Qualcomm, Analog Devices, and Texas Instruments are among TER‘s high-profile clients. Alexander V. d’Arbeloff and Nicholas DeWolf founded the business in 1960. TER is considered a global leader in the design, production, and support of semiconductor test equipment and automation systems for the electronics industry.
Regarding TER’s earnings, it has impressively outperformed expectations – like its peers above – for the last four consecutive fiscal quarters. In its last quarterly report, EPS projections were beaten by 5.84% and revenue by 1.86%. TER has positive year-over-year numbers, with revenue growth of 16.61% and EPS growth of 20.95%. Analysts are optimistic about TER’s future in that they predict both annual and quarterly increases in the stock’s profitability. For its current quarter – until reporting again – it shows 88 cents per share with sales of $741 million. And, I can’t forget: TER has a current dividend yield of 0.40%, with a quarterly payout of 11 cents per share. The consensus price target for TER from the analysts that provide 12-month predictions is 138.00, with a high of 175.00 and a low of 105.00. The median forecast is up 24.11%, and the consensus also gives TER a long-held, dependable buy rating.