Needham Maintains Buy on Symbotic, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Symbotic (SYM) but lowers the price target from $58 to $54.
February 06, 2024 | 12:26 pm
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NEUTRAL IMPACT
Needham maintains a Buy rating on Symbotic but lowers the price target from $58 to $54.
While the reduction in price target could suggest a slightly less optimistic outlook on Symbotic's short-term price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100