5 Best Robotics Stocks to Buy as Amazon Deploys 1 Million Robots

3. Stryker Corp. (NYSE:SYK)

Short Percentage of Float: 1.70%

Number of Hedge Fund Holders: 81

Stryker Corp (NYSE:SYK) is one of the best robotics stocks to buy. On June 12, BTIG analyst Ryan Zimmerman reiterated a Buy rating and a $379 price target on Stryker Corp (NYSE:SYK). The price target represents significant upside potential as the stock is trading at about $316 a share.

The bullish stance comes on the company’s Mako robotic system, which has emerged as a leading platform for ambulatory surgery centers. Consequently, the company is increasingly capitalizing on robotics in the healthcare sector as it shifts from discretionary devices to necessities. Young surgeons are increasingly treating robotic systems as a baseline requirement.

Additionally, patients are actively seeking robotic-assisted procedures, presenting tremendous opportunities for Stryker Corp’s solutions. Stryker’s offering of flexible contract structures, including volume-based agreements and walk-away clauses, is fueling robotics adoptions for ASCs by lowering financial risk barriers.

Earlier, on May 26, Stryker launched its Pangea Plating System in Europe to treat a wide range of fracture patterns. The system comes with plates and complementary instrumentation intended to support plate fit and provide surgeons with options for fracture fixation.

Stryker Corp. (NYSE:SYK) is a leading global medical technology company that develops, manufactures, and markets a wide array of specialized medical devices, equipment, and implants. Their products are broadly divided into three main sectors: Orthopedics, MedSurg (Medical/Surgical), and Neurotechnology and Spine.