Under-the-Radar US/European Robotics Companies: Watchlist for Market Pullbacks

This analysis focuses on US and European robotics companies (excluding Chinese stocks) for investors seeking to diversify beyond AI and space themes, building on existing exposure to firms like XPeng (XPEV) [0]. The companies include both pure-play robotics firms and those integrating robotics into core operations:

1. Richtech Robotics (RR)
   : A US pure-play focused on industrial and service robots, trading at ~$3.46 with a $523.56M market cap (as of Dec 24, 2025). While it has negative operating margins (-395.40%), its strong quick ratio (118.23) indicates short-term liquidity stability. Analysts rate it a “Buy” with a $6.00 target, implying 73% upside [0].

2. Teradyne (TER)
   : A US technology firm with a significant robotics division (Universal Robots & MiR), valued at ~$31.86B. It trades at $198.02 with a 70.99x P/E ratio and 15.86% ROE. Despite a 119.41% 6-month return, its robotics exposure makes it a candidate for diversification [0].

3. Ocado Group (OCDO.L)
   : A UK-based European warehouse robotics company, down 67.9% over 2 years due to partner reviews (Kroger, Sobeys) of its robotics warehouses. Trading at ~£241.80, it retains strong revenue potential in warehouse automation [1].

4. Autostore (AUTO.OL)
   : A Norwegian warehouse automation firm focused on cube-storage systems, down 45.64% over 2 years. It boasts high margins but faces pressures from competition and patent disputes [1].

5. Zebra Technologies (ZBRA)
   : A US/European firm with robotics-related industrial identification and automation systems, valued at ~$12.40B. Trading at $244.74 with a 24.57x P/E ratio, it has declined 36.23% YTD but has a 33% upside to its $325.50 analyst target [0].

• The robotics market’s growth is driven by AI advancements, with collaborative robots (Teradyne’s Universal Robots) and warehouse automation (Ocado, Autostore) as key segments [0].
• Pure-play robotics firms (Richtech) offer higher upside potential but carry greater risk (e.g., negative profitability), while integrated players (Teradyne, Zebra) have more established operations [0].
• Market pullbacks could mitigate valuation concerns for high-P/E firms (Teradyne) and provide attractive entry points for beaten-down stocks (Zebra, Ocado, Autostore) [0].

• Richtech Robotics: Negative profitability raises long-term viability concerns [0].
• Ocado Group: Partner reviews and reduced warehouse expansion could impact near-term revenue [1].
• Autostore: Patent disputes and industry competition may hinder growth [1].
• Zebra Technologies: YTD decline and ongoing industry competition require monitoring for stabilization [0].

• AI-driven robotics market growth is projected to accelerate, benefiting both pure-play and integrated firms [0].
• Analyst upside targets (RR: 73%, ZBRA: 33%) suggest potential for valuation expansion [0].
• Market pullbacks could create entry points for investors seeking to position for long-term robotics growth [0].

This analysis synthesizes data on under-the-radar US/European robotics companies, highlighting their metrics, exposure to robotics growth segments, and associated risks. These firms are identified as watchlist candidates, not prescriptive investment recommendations. Investors should conduct further due diligence, particularly during market pullbacks, to assess alignment with their portfolio goals and risk tolerance.