Universal Display Corporation (PANL), URS Corp (URS) & iRobot Corporation (IRBT): Three Plays For 2033

Dr. Roboto

Due to the enormous projected impact of health care over the next two decades (and because no futuristic article would be complete without a robot reference), investors should closely monitor the trend of using robotics to assist in health care settings.  Massachusetts-based iRobot Corporation (NASDAQ:IRBT) is the leader in the growing robot industry, and a pioneer in the development of robots for performing medical tasks.

iRobot Corporation (NASDAQ:IRBT) currently markets the RP-VITA, which gives doctors the ability to work remotely with a robotic presence for patient interaction.  RP-VITA, which was approved by the FDA in January, gives doctors the ability to see patients without actually being on-site, as the robot can be used for patient examinations and in surgical settings.

As innovative as RP-VITA is today, iRobot Corporation (NASDAQ:IRBT)’s long-term future could bring an even more exciting and ground-breaking technology — physician assistive robots. Imagine an iRobot Corporation (NASDAQ:IRBT)-developed device performing complex surgeries with minimal complications and a high level of accuracy. These devices could work around the clock, never getting fatigued, and could perform more complex surgeries than humans.

Shares of iRobot Corporation (NASDAQ:IRBT) are higher by about 20% over the last year due to strong sales of gimmicky consumer robot devices, but the company maintains a reasonable enterprise value of around $650 million. At this price, iRobot could be an acquisition target for a larger company like General Electric Company (NYSE:GE) or Siemens AG (NYSE:SI). Because of its great potential for future growth or acquisition, iRobot Corporation (NASDAQ:IRBT) deserves to be stored in a savvy investor’s long-term account.

Wise investors will always allocate an appropriate percentage of their assets to high potential positions. These three stocks are speculative but all have solid fundamental reasons to believe that they will survive, if not thrive over the short-term. But the real potential for huge gains lies in the more distant future, either though capital appreciation or via acquisition. Investors willing to look forward to 2033 should begin accumulating positions, averaging into shares over time.

The article 3 Stocks for the Year 2033 originally appeared on Fool.com.

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