Buy this tech firm that’s quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside

Investment banks are urging investors to buy shares in AutoStore, a Norwegian warehouse automation company, with potential gains of over 50% in the next 12 months. AutoStore, founded in 1996, dominates 80-90% of the market and provides robots that make warehouses more efficient. Despite a slight decline in sales, experts believe this is a great opportunity to invest in a quality company before a return to growth in 2025. Analysts are optimistic about AutoStore’s long-term prospects, with price targets suggesting significant upside potential. Customers, like THG plc, have seen impressive results with AutoStore’s technology, making it a valuable investment despite initial costs. Experts are confident in AutoStore’s future success and believe the company has a strong position in the market.