The top 3 most promising robotics stocks to buy before May 2023 end for long-term potential gains

It's the perfect moment to uncover the best robotics stocks to invest in because robotics is constantly increasing. Robots, long the stuff of science fiction, are now an essential component of modern life. They help us with anything from simple medical procedures to housecleaning. Although the incorporation of these technologies sometimes passes unnoticed, the sector's tremendous development potential cannot be disregarded.

Robots are projected to become more common in our daily lives as we grow, especially as artificial intelligence technologies advance. The promising robotics stocks present a fantastic long-term potential for those eager to explore the future. In this article, we have mentioned the best robotics stocks to buy before May 2023 end for long-term gains. So, let's look at the top 3 most promising robotics stocks to invest in right away.

1. Intuitive Surgical

As it successfully rides the tide of strong profits and sales of its da Vinci surgical system, Intuitive Surgical (NASDAQ: ISRG) is on a tear. The company's sales are increasing as healthcare institutions deal with the escalating surgical backlog brought on by the epidemic, as seen by the extraordinary velocity displayed by its stock price. With a total return of 473% over the last ten years, ISRG stock has increased by more than 35% in the last year alone.

It just released first-quarter data, which caused a spike in the price of its shares. The growth rates were 26%, the highest since mid-2021, and the results were better than economists had predicted. As a result, it increased its 2023 procedure prediction by 5.5% to 19.5% from earlier projections. Additionally, the da Vinci surgical system's sales increased by 12%, strengthening its global presence with a formidable 7,779 platforms installed globally.

2. iRyhthm Technologies

With its powerful cardiac monitors, iRyhthm Technologies (NASDAQ: IRTC) is at the forefront of innovation, no pun intended. With its powerful Zio heart rate monitor, which offers analysis as reliable as that of board-certified cardiologists, hospitalizations and serious cardiac events may be avoided. Additionally, it utilizes a remarkable 1 billion hours of ECG data, expertly converting its enormous data bank into a successful business.

The firm has been extremely stable throughout the years, with average 5-year sales growth of 34.3%, well above industry standards. Its most recent quarterly report shows an amazing 20.6% increase in revenues to US$111.4 million and exceptional 67.9% growth in gross margins year over year. As time goes on, its management anticipates that the company will develop into a US$1 billion corporation by 2027.

3. ABB Ltd

Robotics, automation, and electrification are being gradually reshaped by Swedish industrial tech company ABB Ltd. Despite economic challenges, the company has improved component accessibility and smart pricing techniques to support sales growth. Additionally, the company is persistently aiming for an exceptional EBITDA margin of 15%, allowing it to develop quickly.

In recent quarters, its discrete automation division has been a bright star. For instance, the company's most recent quarter saw a strong 28% year-over-year revenue growth, bringing in a total of US$937 million. Additionally, operational income soared 423% to an astounding US$115 million. To further demonstrate its dedication to meeting the increasing demand for automation, ABB has committed US$20 million to expand its robot facility in the United States.