Artificial Intelligence
Stock Market Analysis

3 Top Robotic Stocks To Buy

A growing trend among investors is investments in future relevant stocks such as AI, so we compiled 3 of our favorite robotics stocks

It was only a matter of time before the robots depicted in movies came to life, from machines cleaning homes to lending a helping hand at warehouses. This industry is on the rise in the automotive, healthcare and defense sectors, making it a great time to invest in robo stocks.

1. iRobot

iRobot (NASDAQ: IRBT) is a big name in the robotics industry, recently posting 11% revenue growth year-on-year to hit $1.2 billion for the end of 2019. The company is well known for its efficient cleaning robot, the Roomba, and more recently its mopping product, Braava. In addition, it will soon be launching its robotic lawnmower called Terra.

The company has also teamed up with big-name e-commerce giants including Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL), who have taken a liking to iRobots mapping that it has done for people’s homes. For instance, Amazon’s warehouse is powered by a number of robots to help with efficiency and keep up with demand, mainly performing the most repetitive and time-consuming tasks.

While iRobot is expecting to increase its revenue by up to 11% in 2020, to around $1.35 billion, it does face some tough competitors. The company raised its prices for products due to a tariff increase, but its competitors like Dyson, LG, and Samsung kept their prices the same.

2. PTC

It is an exciting time to be involved in the robotics industry with a lot of room to improve the running of robots. PTC (NASDAQ: PTC) is a stand out when it comes to developing software that allows accuracy and collaboration for the robot design process. The company made $356 million for the first quarter of 2020, up 8% year-on-year. 

Our Amazon investment has grown over 300%

A number of manufacturers are now moving towards digitization and smart factories, meaning there will be more potential for PTC to grow as a business. Future predictions by analysts are promising, expecting $500 million in free cash flow in 2022, while for 2024, it’s predicted that PTC will deliver a free cash flow of around $850 million. 

3. Raytheon

Defense and government agencies are always looking for innovative ways to assist soldiers fighting on the ground. One company that is helping the defense force by offering autonomous aircraft to have eyes in the sky, including drones, is Raytheon (NYSE: RTN).

During its fourth-quarter earnings report, Raytheon posted bookings of $36.3 billion for 2019. Looking at revenue growth for 2020, the company expects growth of around 6% to 8%. Raytheon has been working on an exoskeleton that helps logistics workers move heavy military equipment. This is something that could hit the market running and boost sales for the company. On top of this, the business is merging with United Technologies (NYSE: UTX), a deal that is expected to generate $74 billion in annual sales.

Download Your Free Stock of the Month Report

Check out the investment thesis for a company that has grown 40% since we picked it as our Stock of the Month


MyWallSt operates a full disclosure policy. MyWallSt staff currently hold long positions in iRobot. Read our full disclosure policy here.

Alsha Coppolina
Alsha Coppolina
Alsha is a contributing writer to MyWallSt. Alsha’s favorite stock is Shopify because not only does she enjoy a bit of online shopping, but she believes the e-commerce solutions business is going to continue making big gains.