Asset

iRobot Corp

Equity

Industry: Household Durables

Performance

Relative Return Over Time


-16.2%

Idea
Return

9.7%

Index
Return

-25.9%

Relative
Return

Pitch Details

Type:

Undervaluation on a “sum…

Position:

Long

Duration:

12+ months


Target:

$150.00

Upside:

$200.00

Downside:

$25.00

Post as...

Posted 05/20/2021

iRobot Corp (IRBT)

1.0

Quality

2.5

Performance

AI Battery firstmover

Increasing AI planning, vision, and navigation could lead in home cleaning robots to have more use than they currently do as exclusively being vaccum cleaners. Currently in home cleaning robots are not widely adopted but if they become more reliable and capable by improving planning, perception, and mobility consumers may be much more willing to pay such a product as it may become more encompassing in the tasks it can acheive.

Robotic lawn mowers have been launched in recent years and are an example of a small step towards the expansion of the use case of inhome robots, requiring a more durable build while having similar complexity in the routing and planning aspects.

IROBOT is a large and early player in the home robot space so intuitively they have the assets and people needed to build home robots on the edge of what is possible in the cosumer world, meaning they will probably continue to capture a similar proportion of the home robot market which will likely grow at signifigant rate for reasons outline above.

  Last edited by:  bensch  on May 20, 2021, 9:03 p.m., edited 5 times in total.