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

BWS Financial analyst Hamed Khorsand maintains a Sell rating on Symbotic (NASDAQ:SYM) with a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:18 pm

TD Cowen analyst Joseph Giordano maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $55 to $43.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:15 pm

Northland Capital Markets has maintained an Outperform rating on Symbotic (NASDAQ:SYM) but lowered the price target from $60 to $50.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:12 pm

Symbotic Inc. (NASDAQ:SYM) reported weaker-than-expected third-quarter earnings and issued lower fourth-quarter revenue guidance. Despite record revenue, the company missed earnings estimates and saw its shares drop by 21.1%. Analysts have lowered their price targets but maintained Buy ratings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 3:26 pm

Citigroup analyst Itay Michaeli maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $62 to $49.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:03 pm

Craig-Hallum analyst Greg Palm maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $54 to $45.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:18 pm

Cantor Fitzgerald analyst Derek Soderberg has reiterated an Overweight rating on Symbotic (NASDAQ:SYM) and maintained a $60 price target.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:53 pm

Lattice Semiconductor, Symbotic, Woodward, and other major stocks experienced significant declines in pre-market trading due to weak financial results and guidance. Lattice Semiconductor reported disappointing Q2 earnings and weak Q3 revenue guidance, leading to a 14.8% drop in its stock price.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:28 pm

Needham analyst James Ricchiuti maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $54 to $40.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:38 am

Symbiotic shares are trading lower after the company reported worse-than-expected Q3 earnings results and issued Q4 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:42 am

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