Needham Maintains Buy on Symbotic, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $54 to $40.
July 30, 2024 | 11:38 am
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NEUTRAL IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on Symbotic but lowers the price target from $54 to $40.
The Buy rating suggests continued confidence in Symbotic's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100