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.
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