5 Best Small Cap Robotics Stocks to Buy According to Analysts

3. Richtech Robotics Inc (NASDAQ:RR)

Market Cap: $614.9 Million

Number of Hedge Fund Holders: 12

Upside Potential: 118.18%

Richtech Robotics Inc (NASDAQ:RR) is one of the best small cap robotics stocks to buy according to analysts. Richtech Robotics stock is up more than 30% over the past month, and the Street says it could more than double in the next 12 months.

On May 7, Richtech Robotics Inc (NASDAQ:RR) said that it will demonstrate the capabilities of its AI-driven service robots at the National Restaurant Association Show in Chicago. The show is scheduled to run from May 16 to May 19.

Richtech will use the event to showcase its ADAM robot preparing noodles with toppings. From there, the company’s Matradee Plus delivery robot will take the noodles to attendees to sample.

The Chicago restaurant show will give Richtech a platform to demonstrate how its robots could be used in the food service industry to handle everything from food preparation to delivery. The company has a robots-as-a-service business model.

Richtech is gearing up to showcase its service robots to the restaurant industry after it recently struck a deal to sell its robots in Europe. On April 8, the company said that Netherlands-based NewConsultancy will distribute its products across Europe. NewConsultancy offers ICT solutions to enterprises of all sizes in Europe, so Richtech said it brings regional technical expertise to the partnership.

Richtech Robotics Inc (NASDAQ:RR) makes AI-driven service robots that can handle various tasks. Its portfolio includes robots that can perform tasks like food delivery, drink preparation, and floor cleaning. Richtech Robotics helps customers in hospitality, healthcare, and cleaning industries to address labor shortages and improve operational efficiency.