Symbotic Stock Is Headed to $58, According to 1 Wall Street Analyst. Is It a Buy? [Yahoo! Finance]
Symbotic Inc. - Class A (SYM)
Company Research
Source: Yahoo! Finance
Symbotic (NASDAQ: SYM) is one such company, providing AI-powered warehouse automation solutions. The stock is up 54% over the past year, but after the company's blowout financial results, one Wall Street analyst believes there's more to come. Revolutionizing warehouse automation Deutsche Bank analyst Nicole DeBlase raised her price target on Symbotic to $58 while reiterating a buy rating on the shares. This represents potential upside for investors of 38% compared to the stock's closing price on Monday. Symbotic's breakout financial results fueled her enthusiasm -- and there was plenty to like. For the company's fiscal second quarter (ended March 30), Symbotic reported revenue that jumped 59% year over year to $424 million. The company made progress toward profitability, generating adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $22 million, well ahead of a loss of $55 million in the year-ago quarter. Symbotic's turnkey, end-to-end ware
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SYM
News
- Symbotic: Maintaining Growth Trajectory [Seeking Alpha]Seeking Alpha
- 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
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