In this article, we will take a look at some of the best robotics and automation stocks that appear attractive.
On June 3, CNBC spoke with Softbank CEO Masayoshi Son and Barclays’ Head of Thematic FICC Research Zornitza Todorova. The discussions revolved around the continued advancement of artificial intelligence and robotics.
Son highlighted how humanoid robots have been grabbing headlines due to their applications across various segments. He also reflected on market views projecting a 100-fold expansion of the sector over the next 10 years, driven by improvements in real-time AI capabilities.
On the other hand, Zornitza Todorova from Barclays spoke about structural labor shortages, aging populations, urbanization, and changing job preferences, which are leading to extensive adoption of automation technologies. She expected the market to reach around the $200 billion mark by 2035, stating:
“Humanoid robotics is really on an upward trajectory. The size of the market today is really small, it’s 2 to 3 billion dollars, but we see it going up to $200 billion in 2035. They’re already doing simple, well-defined tasks like lifting boxes or picking things up from the assembly line, helping to fill roles where there are not that many humans that can do the jobs.”
Todorova believes that during this transformational phase, there is still a lot about humanoid robot capabilities that needs to be understood. She anticipates that as this technology matures, it will become applicable across more service-oriented functions.
With that background, let’s explore our 10 Best Robotics and Automation Stocks to Invest In.
Pixabay/Public Domain
Our Methodology
To identify relevant stocks for this article, we screened U.S.-listed robotics and automation companies with market capitalizations above $2 billion. Also, we only shortlisted stocks with at least 10% upside potential, according to consensus, as of the June 19 close. Finally, we selected 10 stocks with the highest upside and ranked them in ascending order.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. Cognex Corp. (NASDAQ:CGNX)
Cognex Corp. (NASDAQ:CGNX) is one of the 10 best robotics and automation stocks to invest in.
As of the close of play on June 19, consensus sentiment around the stock was moderately bullish. Based on a median 1-year target price of $73.58, it offers an upside potential of over 11%. It was assigned Buy ratings by 9 of the 13 analysts, while the other 4 assigned Hold ratings.
Back in mid-May, DA Davidson increased its target price on Cognex Corp. (NASDAQ:CGNX) from $55 to $62. The firm maintained a Neutral rating on the stock following its first-quarter results. The firm raised its estimates, compelled by stronger prospects for organic growth, a favorable business mix, and the company’s existing operating leverage. DA Davidson reported that the company delivered gross margins in excess of the firm’s projections, and the end market outlook has also gotten better.
Later on May 26, JPMorgan also raised its price target on Cognex Corp.(NASDAQ:CGNX) from $65 to $75 and upgraded the stock from Neutral to Overweight. The adjusted target price results in an upside potential of almost 14%. The firm noted that the company keeps coming up with innovative, AI-backed tools that expand its ability to reach and gain new clients.
Cognex Corp. (NASDAQ:CGNX) sells machine vision devices that automate production and distribution activities by capturing and analyzing visual data. Its portfolio has several products, including software for advanced programming, technology for developing vision applications, and an image-based barcode reader.
9. Deere & Co. (NYSE:DE)
Deere & Co. (NYSE:DE) is one of the 10 best robotics and automation stocks to invest in.
On May 27, Kristen Owen from Oppenheimer reduced the target price on Deere & Co. (NYSE:DE) from $715 to $680. Despite the downward adjustment, the price target yields an upside potential in excess of 15%. The analyst retained an Outperform rating on the stock.
Owen highlighted that the firm invited Deere for a detailed investor call during which they discussed the second quarter performance and the factors that may affect the latter half of 2026. As the Agri sector moves into a weather and commodity-driven phase, and investors wait for EOP updates during the backend of summer, Owen anticipates Deere shares to remain range-bound in the upcoming weeks. The analyst is still optimistic about the company’s growth prospects for 2027.
Later on June 4, Tami Zakaria of JPMorgan increased her target price on Deere & Co. (NYSE:DE) from $560 to $590. The analyst maintained a Neutral rating on the stock. For the coming year, the analyst expects that the underlying farming sector fundamentals will lead to mild improvements across North America.
Deere & Co. (NYSE:DE) is involved in the manufacturing of various equipment related to production agriculture, turf, and precision farming. These include sprayers, tractors, harvesters, and forage machinery. It also offers asphalt pavers, excavators, motor graders, and log harvesters, which are complemented by additional services such as equipment financing, wholesale dealer funding, and extended warranty solutions.
8. Stryker Corp. (NYSE:SYK)
Stryker Corp. (NYSE:SYK) is one of the 10 best robotics and automation stocks to invest in.
On May 26, Stryker Corp. (NYSE:SYK) introduced its Pangea Plating System to the European market. This hardware platform is built to treat many different types of bone fracture patterns. Orthopedic trauma surgeon at St. George’s University Hospital in London, Prof. Alex Trompeter, and his team handled the initial clinical case in Europe.
These devices act as non-active implants that temporarily stabilize bone fragments. This platform combines plates with a dedicated set of instruments to ensure a proper plate fit. It provides medical professionals with versatile options to fix bone fractures across both upper and lower human limbs.
Later on June 12, Bank of America Securities reduced the target price on Stryker Corp. (NYSE:SYK) from $450 to $380, resulting in a revised upside potential of almost 24% at the current level. The firm maintained a Buy rating on the shares, noting a lower level of utilization in the current scenario. The current stock valuations already reflect this lower utilization, so the firm prefers taking a more conservative stance with 2027 forecasts for medical technology companies.
Stryker Corp. (NYSE:SYK) is a medical technology company that offers innovative products and solutions across MedSurg & Neurotechnology, and Orthopedic areas. Some of its offerings include surgical equipment, navigation systems, endoscopic and communications systems, and emergency medical equipment.
7. UiPath Inc. (NYSE:PATH)
UiPath Inc. (NYSE:PATH) is one of the 10 best robotics and automation stocks to invest in.
On June 4, UiPath Inc. (NYSE:PATH) announced that One NZ elevated the standards for corporate service delivery throughout ANZ with UiPath MaestroTM. Using a cloud-native orchestration platform that integrates AI agents, automation, and human collaboration into straightforward, end-to-end business workflows, One NZ has cut mobile provisioning duration from 10 days to less than ten minutes.
The implementation, which was completed in only five weeks, establishes a new benchmark for how telcos may serve business clients. It also demonstrates how AI orchestration can alter legacy-heavy processes at scale, without requiring an expensive infrastructure upgrade.
The momentum is indicative of a broader change occurring in the telecom industry, where providers are going beyond automated handling of routine tasks to managing full business processes from beginning to end. UiPath Maestro is evolving as a platform that makes these changes feasible.
Ashley Boag, COO International Region at UiPath, believes that One NZ’s transformation efforts are an indication of a broader shift occurring across various verticals, including telecommunication. He acknowledged the significance of both legacy systems and modern technologies for today’s complex business models. Boag stated:
“As AI adoption grows, the leading companies won’t be those with the newest tech stacks—they’ll be the organizations that move fastest with the technology they already have. One NZ is demonstrating what that looks like in practice, orchestrating end-to-end processes to deliver AI-driven outcomes at enterprise scale while keeping people at the center.”
UiPath Inc. (NYSE:PATH) owns an automation platform that offers a range of robotic process automation solutions. It offers the UiPath platform, which encompasses various functions such as agent builder, RPA and API automation, Maestro process orchestration, test cloud, and agentic solutions. The company serves healthcare, manufacturing, retail, financial services, and public sectors.
6. Mobileye Global Inc. (NASDAQ:MBLY)
Mobileye Global Inc. (NASDAQ:MBLY) is one of the 10 best robotics and automation stocks to invest in.
On June 16, Mobileye Global Inc. (NASDAQ:MBLY) revealed plans to expand its robotaxi service by creating a fully owned autonomous ride-hailing entity, which goes beyond its conventional role as a supplier of self-driving technology. The project, which combines the company’s cutting-edge autonomous driving technology, fleet management, rider services, and mobility operations into a vertically integrated business model, is set to begin in a United States city in 2027.
The new business will support Mobileye’s current position as a global supplier of autonomous driving solutions to automakers and mobility players. The company will establish a separate operating business that will be devoted to providing autonomous ride-hailing services to customers, as it continues to facilitate existing customer deployment initiatives.
As an independent autonomous driving platform, Mobileye Drive is presently being incorporated into partner projects. Under the new model, Mobileye will expand its function throughout the entire robotaxi ecosystem. This will be done through the integration of Mobileye Drive with the Mobility Platform and the user-facing apps of its subsidiary, Moovit, as well as multimodal trip planning, fleet management, autonomous vehicle mission control capabilities, and teleoperation system integration.
Mobileye Global Inc. (NASDAQ:MBLY) develops advanced driver assistance systems (ADAS) and autonomous driving technologies (AV). It delivers end-to-end solutions comprising Base ADAS, Cloud-Enhanced ADAS, and Surround ADAS. It also offers safety features including collision warning, lane departure warnings, headway monitoring, speed limit indicator, blind spot detection, and more.
While we acknowledge the potential of MBLY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MBLY and that has 100x upside potential, check out our report about the cheapest AI stock.
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