Goldman Sachs Maintains Neutral on Symbotic, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Symbotic (NASDAQ:SYM) but lowers the price target from $40 to $30.

July 31, 2024 | 3:25 pm
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NEGATIVE IMPACT
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Symbotic but lowers the price target from $40 to $30.
The lowered price target from $40 to $30 by a major financial institution like Goldman Sachs is likely to have a negative short-term impact on Symbotic's stock price. The Neutral rating suggests no strong buy or sell recommendation, but the reduced price target indicates lowered expectations for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100