Invest in the Best Robotics Stocks for August: iRobot, Cognex Corporation, and Intuitive Surgical
As the market experiences decreased volatility, now is the perfect time for investors to consider the best robotics stocks to buy in August. With the robotics market projected to grow to over $286 billion by 2032, identifying companies poised to benefit from this growth is crucial. Many of the best robotics stocks are currently undervalued, presenting an opportunity for substantial upside for investors.
1. iRobot (IRBT)
iRobot, famous for the Roomba vacuum cleaner, is currently trading at a new low, making it an attractive investment option. Despite significant losses, the company has aggressively restructured its operations, leading to cost savings and a narrowed operating loss. With expectations for improved EPS over the next two years, iRobot presents potential upside for investors as it trades at just 0.29x sales.
2. Cognex Corporation (CGNX)
Cognex Corporation provides automation systems for manufacturing and distribution, with a focus on capturing and analyzing visual information. Despite challenges in its factory automation business, Cognex saw growth in its Logistics and Semiconductor markets. With revenue expected to remain strong in the long term, investors should consider CGNX as a potential investment.
3. Intuitive Surgical (ISRG)
Intuitive Surgical maintains a strong foothold in the robotics surgery market, holding the largest market share at present. With high switching costs and advanced robotics solutions in development, ISRG is positioned for sustained earnings and cash flow. Trading at a discount to its fair value and with momentum on its side, ISRG presents an attractive investment opportunity for investors.
In conclusion, investing in the best robotics stocks in August can provide investors with the opportunity for significant returns as the market continues to expand. By considering companies like iRobot, Cognex Corporation, and Intuitive Surgical, investors can capitalize on the growth potential of the robotics industry and secure their financial future.