Symbotic Stock Still Has 37% Upside After Its Big Surge, According to 1 Wall Street Analyst [Yahoo! Finance]
Symbotic Inc. - Class A (SYM)
Company Research
Source: Yahoo! Finance
One such company is Symbotic (NASDAQ: SYM) , which is leading the charge for AI-powered warehouse solutions. The stock is already up 69% over the past year, but one Wall Street analyst believes Symbotic stock still has a significant upside. The AI-powered warehouse of the future Northland Securities analyst Michael Latimore maintained an outperform (buy) rating on Symbotic stock while raising his price target to $60, which represents a potential upside for investors over the next 12 months or so of roughly 37% compared to the current price. Symbotic supplies turn-key, end-to-end solutions for logistics and distribution networks that increase efficiency and decrease space requirements through the use of AI-powered robots. As you might imagine, creating, delivering, and installing such systems is an arduous and time-consuming process. The company has been working to decrease the time needed for these deployments. During its most recent earnings call, CEO Rick Cohen noted Symboti
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News
- Symbotic Inc. (SYM) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Symbotic: Critical Quarters Ahead [Seeking Alpha]Seeking Alpha
- Symbotic Inc. (SYM) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Symbotic Inc. (SYM) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Symbotic: Closely Watching The Next Earnings Release [Seeking Alpha]Seeking Alpha
SYM
Earnings
- 2/5/24 - Beat
SYM
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 144
- 4/25/24 - Form 4
- SYM's page on the SEC website