Symbotic Reports Q1 Beat: Analysts Boost Their 2024 Estimates, 'Strong Secular Growth Story' [Yahoo! Finance]
Symbotic Inc. - Class A (SYM)
Company Research
Source: Yahoo! Finance
The results were reported amid an exciting earnings season . Here are some key analyst expectations. KeyBanc Capital Markets On Symbotic Analyst Ken Newman maintained an Overweight rating and price target of $55. Symbotic reported its quarterly sales and EBITDA significantly ahead of expectations, while exhibiting strong free cash flow generation, Newman said in a note. Although the company announced its fiscal third-quarter guidance in-line with consensus, "We think the outlook could be modestly conservative given SYM's recent execution, reaccelerating system initiations, and improving deployment completion schedules," he added. The analyst raised the earnings estimate for fiscal 2024 from 2 cents per share to 40 cents per share. "Looking out, we view SYM as a strong secular growth story that should benefit from its solid innovation funnel, including continued ramps in its GreenBox JV, share gain opportunities in non-ambient deployments, and accelerated adoption of the C
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SYM
News
- Is Symbotic Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Symbotic Inc. (NASDAQ: SYM) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
- Law firm Sullivan & Cromwell joins AI gold rush with new practice [Reuters]Reuters
- Is Symbotic Stock Going to $53? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- Symbotic Inc. (NASDAQ: SYM) had its price target raised by analysts at Craig Hallum from $55.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
SYM
Earnings
- 5/6/24 - Beat
SYM
Sec Filings
- 5/17/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- SYM's page on the SEC website