Symbotic (NASDAQ:SYM – Get Rating) had its price target boosted by analysts at Needham & Company LLC from $18.00 to $21.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 27.27% from the company’s previous close.
A number of other brokerages also recently issued reports on SYM. William Blair began coverage on Symbotic in a research report on Friday, July 15th. They set an “outperform” rating for the company. Robert W. Baird boosted their target price on Symbotic from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Symbotic from $19.00 to $22.00 and gave the company a “maintains” rating in a research report on Tuesday. Raymond James assumed coverage on Symbotic in a research report on Tuesday, July 5th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Cowen initiated coverage on Symbotic in a research note on Tuesday, June 21st. They set an “outperform” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Symbotic has a consensus rating of “Moderate Buy” and a consensus price target of $20.10.
Symbotic Trading Down 0.9 %
Symbotic stock opened at $16.50 on Tuesday. Symbotic has a 52 week low of $9.01 and a 52 week high of $28.48.
Symbotic Company Profile
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.
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