5 Best Robotics Stocks To Buy Now

In this article, we discuss 5 best robotics stocks to buy now. If you want to see more stocks in this selection, check out 13 Best Robotics Stocks To Buy Now. 

5. Zebra Technologies Corporation (NASDAQ:ZBRA)

Number of Hedge Fund Holders: 31

Zebra Technologies Corporation (NASDAQ:ZBRA) is an Illinois-based company that provides enterprise asset intelligence solutions worldwide. The company also specializes in cloud-based software subscriptions and robotics automation solutions, serving retail and e-commerce, manufacturing, transportation and logistics, healthcare, and public sectors. It is one of the best robotics stocks to invest in. 

On November 2, Baird analyst Richard Eastman maintained an Outperform rating on Zebra Technologies Corporation (NASDAQ:ZBRA) but lowered the price target on the shares to $300 from $330. The analyst said that the Q3 sales/EPS miss primarily reflected execution around the supply chain, but large project deceleration was also observed. He reiterated his positive view on Zebra Technologies Corporation (NASDAQ:ZBRA)’s longer-term growth prospects but acknowledged that improved 2023 visibility is probably needed to provide support for future catalysts.

According to Insider Monkey’s data, 31 hedge funds were long Zebra Technologies Corporation (NASDAQ:ZBRA) at the end of September 2022, compared to 33 funds in the prior quarter. John W. Rogers’ Ariel Investments held the largest position in the company, with 477,118 shares worth $125 million. 

Here is what Ariel Investments has to say about Zebra Technologies Corporation (NASDAQ:ZBRA) in its Q3 2020 investor letter:

“Barcode manufacturer Zebra Technologies Corporation (NASDAQ: ZBRA) was another strong performer in the period. Although global supply chain disruptions and weaker demand in China resulted in the company pulling its full year guidance, ZBRA has been delivering revenue and earnings above Wall Street expectations throughout the pandemic. Meanwhile ZBRA is entering the new fiscal year with a solid backlog, driven by orders from larger customers, which include the United States Postal Service. Looking ahead, we believe the company’s diversified end-markets, strong financial position and solid balance sheet will enable ZBRA to continue to weather pandemic related weakness in the enterprise spending environment.”