DA Davidson Upgrades Symbotic to Buy, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Matt Summerville upgrades Symbotic (SYM) from Neutral to Buy and sets a $50 price target.

February 07, 2024 | 11:51 am
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Symbotic's stock rating was upgraded from Neutral to Buy by DA Davidson analyst Matt Summerville, with a new price target of $50.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future performance. The upgrade from Neutral to Buy suggests a strong confidence in Symbotic's potential for growth, and the $50 price target indicates a significant upside from current levels. This is likely to attract investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100