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Buy These 3 Undervalued Robotics Stocks Today for Massive Future Gains!

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The robotics industry is seeing tremendous growth driven by rapid technological advancements and increasing demand across multiple sectors. That has led to my list of undervalued robotics stocks to buy.

The global robotics market is poised for explosive growth, with projections indicating a rise from $76 billion in 2020 to a staggering $176 billion by 2025, representing an annual expansion rate of over 18%, according to Markets and Markets.

Robotics naturally bleeds into other growth sectors such as AI, industrial automation, Internet of Things (IoT) and many more industries. I feel that buying some shares of these undervalued robotics stocks could pay off very well in the future.

So, with that being said, here are three of the most undervalued robotics stocks for investors to buy in May this year. These companies likely won’t stay cheap for much longer, so acting quickly is essential.

iRobot (IRBT) iRobot’s Roomba vacuum cleaner 

iRobot (NASDAQ:IRBT) designs and manufactures home automation products, focusing on robotic vacuum cleaners like the Roomba. The company’s products are known for their innovative technologies and ease of use.

For the first quarter of 2024, iRobot reported revenues of $375 million, surpassing analysts’ expectations. The company’s strong performance was driven by robust sales of its Roomba and Braava product lines.

iRobot provided an optimistic outlook for the year, expecting revenues to range between $1.4 billion and $1.5 billion. Analysts forecast that iRobot’s earnings will grow significantly in 2024, with expected earnings per share increasing from $1.25 to $2.10, representing a growth rate of 68%.

With IRBT’s strong market presence and innovative home automation solutions, it’s a solid investment to consider.

ABB Ltd. (ABB) ABB’s industrial robots in a factory setting 

ABB Ltd. (NYSE:ABB) offers comprehensive industrial automation solutions, including advanced robotics and automation technologies for various industries. The company’s portfolio includes industrial robots, software, and services that enhance productivity and efficiency.

One of ABB’s key products is the IRB 1100, a compact robot designed for high-speed assembly tasks. The company’s offerings also include the ABB Ability™ digital platform, which integrates automation and analytics to optimize operations.

For 2024, ABB expects continued growth, projecting revenues to range between $27 billion and $28 billion. The company also forecasts earnings per share (EPS) to range between $1.80 and $2.20 for the fiscal year.

With ABB’s advanced industrial robots and automation technologies, it’s well-positioned for future growth.

UiPath (PATH) UiPath’s robotic process automation software interface 

UiPath (NYSE:PATH) specializes in robotic process automation (RPA), providing software solutions that automate repetitive tasks for businesses. The company’s platform enhances productivity and reduces operational costs.

For the first quarter of 2024, UiPath reported revenues of $290 million, a 35% increase from the previous quarter. The company’s strong performance was driven by growing demand for its RPA solutions across various industries.

UiPath provided an optimistic outlook for the year, expecting revenues to range between $1.1 billion and $1.2 billion. Analysts forecast that UiPath’s earnings will grow significantly in 2024, with expected earnings per share increasing from $0.45 to $0.75, representing a growth rate of 67%.

With PATH’s focus on robotic process automation and expanding software capabilities, it’s set up for long-term success in a high-demand sector.

I believe these undervalued robotics stocks offer significant growth potential and could be wise additions to your investment portfolio in May 2024.

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Sean