5 Most Promising Robotics Stocks According to Analysts

In this article, we will take a look at the 5 most promising robotics stocks according to analysts. To read our analysis of recent market trends, you can go to 13 Most Promising Robotics Stocks According to Analysts.

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 128

Upside Potential as of July 13: 42.22%

Hangzhou, China-based Alibaba Group Holding Limited (NYSE:BABA) is a leading ecommerce company with businesses comprising China commerce, international commerce, local consumer services, logistics services, cloud, digital media and entertainment, innovation initiatives and others. Its consumer facing businesses in China have combined annual active consumers of more than 1 billion.

On March 28, Alibaba Group Holding Limited (NYSE:BABA) announced a new organizational and governance structure for the company under which the company will be divided into six major business groups with independent CEOs and board of directors. Five of the business groups will have the flexibility to seek their own IPOs while the sixth business group, Taobao & Tmall Group, will remain fully owned by the company.

The Board of Directors of Alibaba Group Holding Limited (NYSE:BABA) has initially approved four major transactions as part of the restructuring process: a full spin-off of the Cloud Intelligence Group via a stock dividend distribution, external capital raise for Alibaba International Digital Commerce Group, IPO of Cainiao Smart Logistics, and the IPO of Freshippo (Hema). The transactions are expected to be completed in the next 6 to 18 months.

As of Q1 2023, 128 of the 943 hedge funds tracked by Insider Monkey were long Alibaba Group Holding Limited (NYSE:BABA) shares, for a total value of $5.9 billion. It was the stock most commonly held by hedge funds on our list of 13 most promising robotics stocks according to analysts.