We recently published a list of the 10 best robotics shares to buy according to billionaires. In this article we will look at where RTX Corporation (NYSE: RTX) stands against the other robotics of billionaires.
The robotics industry has grown modestly in recent years. Robot -like companies grow faster than ever, driven by technological progress since the rise of AI. Humanoid robots in particular grow quickly on the world market, powered by AI. According to Goldman Sachs’ research, the total addressable market for humanoid robots is expected to cross $ 38 billion by 2035, a huge upgrade compared to the earlier prediction of $ 6 billion in 2023.
Also read: 10 cheap robotics -shares to invest now
Morgan Stanley expects that the Humanoid Robot units will reach 40,000 by 2030 and exceed 63 million by 2050. Citigroup is still bullish, anticipating a $ 7 trillion Humanoid Robot market by 2050, with 1.19 billion humanoid robots in operation. Adam Jonas from Morgan Stanley expects humanoid robots to be a chance on several decades, trillion dollars, because the adoption could accelerate faster for autonomous vehicles.
In 2023, the New World Robotics report noticed about 4.28 million units that are active in factories worldwide, by 10% compared to 2022. Annual installations surpassed half a million units for the third consecutive year. Asia remains the hot region for robots, with 70% of all the newly used robots installed in 2023 in Asia. China, Japan, South Korea and India are some of the largest robotic markets in the world. China leads the market and records 276,288 Industrial Robots installed in 2023, which represents 51% of the global installations. The US has the largest robotic market in the region, accounting for 68% of the installations in America in 2023.
The US stock market is under pressure as a result of rates because the wider market has fallen more than 4.50% to date. At the same time, Global X Robotics & Artificial Intelligence ETF (Botz) and Robo Global Robotics and Automation Index (ROBO), which in 2024 returned more than 11%, have fallen almost 10% and 7% respectively. Despite the market that is confronted with political headwinds, robotics shares are very promising, given the increasing demand for humanoids and automation systems.
RTX Corporation (NYSE: RTX): one of the best robotics shares that should buy according to billionaires
Pixabay/Public Domain
To put together our list of the best robotics shares to buy according to billionaires, we have searched for the robotics and automation companies that are kept on a large scale by billionaires. Data for the billionaire holders for each stock were taken from the Insider Monkey database, updated from the first quarter of 2024. Finally, the 10 best robotics shares to buy were arranged in rising order based on the billionaire investors who were committed to it. We have also mentioned the number of hedge funds that holds every stock of Q4 2024.
Why are we interested in the shares that stack hedge funds? The reason is simple: our research has shown that we can surpass the market by imitating the best share choices of the best hedge funds. The strategy of our quarterly newsletter selects 14 CAP and Large-CAP shares every quarter and has returned 373.4% since May 2014 and has reported its benchmark with 218 percentage points (See more details here).
Number of billionaire -investors: 17
Number of holders of hedge funds: 80
RTX Corporation (NYSE: RTX) is a leading company for space and defense company that offers drone-based rocket systems and counter-drone technologies. The flagship military robot, Coyote, is a drone that is used to follow and shoot enemy UAVs. The company offers various advanced systems and services for commercial, military and government customers worldwide. RTX manages its services and products through three companies, including Collins Aerospace, Pratt & Whitney and Raytheon. RTX remains an important player in the military drone market and also remains an important manufacturer of radars, sensors and electronic warfare equipment.
On March 19, BairD analyst Peter Arment upgraded the rating on RTX shares from neutral to outperform, which increased the price target from $ 136 to $ 160. The analyst is of the opinion that the multi-year filling cycle of the Ministry of Defense and the rising European defense orders in the midst of NATO reinforcement will play a positive role in the growth of RTX. President Trump’s call for NATO members to increase the defense expenditure to 5% of GDP of around 2% and the proposed € 800 billion rental of the European Union is considered as catalysts for RTX in the future.
Longleaf Partners Fund stated the following with regard to RTX Corporation (NYSE: RTX) in its Q4 2024 investor:
“RTX Corporation (NYSE: RTX) – Aerospace and Defense Company RTX was a top contribution for the year. Our assessment value has grown well because we bought the company for the first time a little more than a year ago. Although the problems are for the maximum maximum peass, so they have a more congestion, so they have a A source of future value on the way.
General RTX ranges 3rd On our list of robotics shares to buy according to billionaires. Although we recognize the potential of RTX as an investment, our conviction is believing that AI shares have a greater promise for supplying a higher efficiency within a shorter time frame. If you are looking for an AI share that is promising than RTX, but that acts with less than 5 times the income, view our report on the Cheapest AI stock.
Read next: 20 best AI shares to buy now And 30 best shares to invest according to billionaires.
Publication: none. This article was originally published on Insider monkey.
