Northland Capital Markets Maintains Outperform on Symbotic, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Michael Latimore maintains an Outperform rating on Symbotic (SYM) and raises the price target from $55 to $60.
April 10, 2024 | 5:12 pm
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Northland Capital Markets raises Symbotic's price target to $60 and maintains an Outperform rating.
The increase in price target by Northland Capital Markets to $60 from $55, while maintaining an Outperform rating, is a strong positive signal to the market. This suggests that the analyst sees more upside potential in the stock, likely due to favorable business developments or financial performance. Such endorsements can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100