Streetbeat News

SYM

Symbotic Inc.

https://www.symbotic.com

Industry

Shell Companies

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

Open

30.26

Mkt cap

3.1B

Volume

867K

High

30.26

P/E Ratio

-147.45

52-wk high

59.82

Low

29.08

Div yield

N/A

52-wk low

17.11

Symbotic has acquired Veo Robotics in a transaction valued at $8.7 million, which closed on July 19.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:03 pm

The article highlights the top 12 large-cap stock losers from July 28 to August 3, including Symbotic, Intel, Snap, Moderna, Mobileye, Pinterest, Arm Holdings, Entegris, Atlassian, MicroStrategy, New Oriental Education, and Western Digital. These stocks experienced significant declines due to various factors such as worse-than-expected earnings, weak guidance, and analyst downgrades.

Portfolio Pulse from Lekha Gupta

August 04, 2024 | 3:20 pm

The article highlights three industrial stocks that are currently oversold, presenting potential buying opportunities. These stocks are Star Bulk Carriers Corp (SBLK), Symbotic Inc (SYM), and Lyft Inc (LYFT), all of which have RSI values below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:32 pm

Symbotic shares are trading lower after Baird and Goldman Sachs lowered their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:44 pm

Baird analyst Robert Mason maintains an Outperform rating on Symbotic (NASDAQ:SYM) but lowers the price target from $53 to $41.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:19 pm

Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Symbotic (NASDAQ:SYM) but lowers the price target from $40 to $30.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:25 pm

Merck & Co., Inc. (NYSE:MRK) shares fell 10% after the company reported second-quarter financial results and cut its FY24 adjusted EPS guidance below estimates. Despite beating revenue and EPS estimates, the guidance cut led to a sharp decline. Other stocks such as Imunon, Inc. (NASDAQ:IMNN) and JetBlue Airways Corporation (NASDAQ:JBLU) saw significant gains due to positive news, while QXO, Inc. (NASDAQ:QXO) and VBI Vaccines Inc. (NASDAQ:VBIV) experienced substantial losses.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:53 pm

Deutsche Bank analyst Nicole Deblase maintains a Buy rating on Symbotic (NASDAQ:SYM) and raises the price target from $58 to $59.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:13 pm

Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (NASDAQ:SYM) but lowers the price target from $55 to $40.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:08 pm

Symbotic, Inc. (NASDAQ:SYM) stock is trading lower after reporting worse-than-expected Q3 earnings and issuing Q4 guidance below estimates. The company reported a loss of two cents per share, missing analyst estimates, but beat sales expectations with $491.86 million. Analysts have adjusted their price targets following the report.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 4:59 pm

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