Goldman Sachs Maintains Neutral on Symbotic, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Symbotic (NASDAQ:SYM) and raises the price target from $16 to $30.
May 24, 2023 | 11:57 am
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating on Symbotic (NASDAQ:SYM) and raises the price target from $16 to $30.
Goldman Sachs' decision to maintain a Neutral rating on Symbotic indicates that they do not expect significant short-term price movement. However, the raised price target from $16 to $30 suggests a positive outlook for the stock in the long term. The news is highly relevant to Symbotic as it directly pertains to the company's stock and is important for investors to consider. The confidence in this analysis is high due to the reputation of Goldman Sachs as a leading financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100