10 Cheap Robotics Stocks To Buy

4. Zebra Technologies Corporation (NASDAQ:ZBRA)

Number of Hedge Fund Holders In Q1 2024: 31

Price Upside: 11%

Average Share Price Target: $369.14

Zebra Technologies Corporation (NASDAQ:ZBRA) is a technology company that provides technologies that are primarily used in the logistics and warehousing industry. This exposes it to the massive warehouse robotics market, where big players such as Amazon are rushing to automate their facilities, reduce costs, and worker injuries, and increase efficiencies. Zebra Technologies Corporation (NASDAQ:ZBRA) has been aggressively expanding its presence in the robotics industry after acquiring a robotics firm for $290 million in 2021. This has allowed it to extensively target the autonomous mobile robot industry used predominantly in warehouses. While this allows Zebra Technologies Corporation (NASDAQ:ZBRA) to develop competitive advantages, it also leaves it vulnerable to downturns in the eCommerce industry during times of slow consumer spending.

Zebra Technologies Corporation (NASDAQ:ZBRA) shared details about its warehouse products during the Q2 2024 earnings call:

“Let’s briefly walk through the journey with a few high level exams. In manufacturing, our machine vision solutions provide quality inspection and track and trace visibility throughout the process. In a warehouse, our wearable mobile computers, autonomous mobile robots and comprehensive RFID portfolio transform receiving, picking and shipping. As the product arrives at a store, associates are equipped with Zebra software running on our mobile computers to assist customers’ stock inventory and fulfill online orders.

And when an item is delivered to your home, you receive a notification and picture from Zebra’s handheld device verifying on time quality delivery.”