Keybanc Maintains Overweight on Symbotic, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman has maintained an Overweight rating on Symbotic (NASDAQ:SYM) and increased the price target from $50 to $63, indicating a positive outlook on the company's stock.
November 21, 2023 | 9:49 am
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Keybanc analyst Ken Newman has reaffirmed an Overweight rating on Symbotic and raised the price target to $63, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100