10 Best Home Appliance Stocks to Buy According to Analysts

5. iRobot Corporation (NASDAQ:IRBT)

Analyst Upside: 41.94%

iRobot Corporation (NASDAQ:IRBT) is a global consumer robot company with a portfolio of smart home devices and home robots. Its portfolio features advanced technologies for cleaning, human-robot interaction, mapping and navigation, and physical solutions. Its offerings include the Braava family of automatic floor-mopping robots, the Clean Base Automatic Dirt Disposal, and others.

The company has been facing persistent market segments and competitive headwinds that affected its sell-through performance in fiscal Q3 2024. However, it expects to see a stabilization in its revenue trend over time. It is on track to exceed its operating expense targets, and is investing in areas that drive revenue and improve its foundation for profitable growth. iRobot Corporation (NASDAQ:IRBT) is also expanding its new product pipeline and announced the creation of iRobot Labs in July. iRobot Labs will serve as the company’s innovation center and represent its global initiative to boost its domestic product and software engineering talent.

In addition, the company has reduced its supply chain and R&D expenses by relocating certain non-core engineering and supply-chain functions. It announced an additional workforce reduction as part of its ongoing restructuring plans and is transitioning to a new product development paradigm with its contract manufacturers to facilitate growth. This new operating model is allowing the company to significantly increase its new product innovations with less than half the internal resources and around one-third the cost. Such transformations are expected to improve the company’s long-term performance and generate shareholder value. iRobot Corporation (NASDAQ:IRBT) ranks fifth on our list.