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Home โบ Stocks โบ Sarcos Technology and Robotics Corporation (STRC) Stock Forecast & Price Prediction United States | NASDAQ | Technology | Software - Infrastructure
$7.95
-0.27 (-3.28%)Did STRC Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Sarcos is one of their latest high-conviction picks.
STRC has shown a year-to-date change of -32.4% and a 1-year change of 307.7%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for STRC. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for STRC.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Aug 21, 2023 | Jefferies | Stephen Volkmann | Hold | Downgrade | $1.15 |
Dec 13, 2022 | Credit Suisse | Guy Hardwick | Neutral | Assumes | $4.00 |
May 12, 2022 | Credit Suisse | John Walsh | Neutral | Maintains | $7.00 |
Mar 30, 2022 | Credit Suisse | John Walsh | Neutral | Maintains | $8.00 |
Nov 23, 2021 | Credit Suisse | Neutral | Initiates | $0.00 | |
Nov 8, 2021 | Baird | Neutral | Initiates | $0.00 | |
Oct 13, 2021 | Jefferies | Buy | Initiates | $0.00 |
The following stocks are similar to Sarcos based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Sarcos Technology and Robotics Corporation has a market capitalization of $63.66M with a P/E ratio of 0.0x. The company generates $6.15M in trailing twelve-month revenue with a 18.0% profit margin.
Revenue growth is -87.8% quarter-over-quarter, while maintaining an operating margin of -2,069.3% and return on equity of -124.7%.
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Develops AI software for robotic systems.
The company generates revenue by providing its AI and machine learning software platform to various industries, including industrial manufacturing, logistics, defense, and energy. By enhancing the functionality of both stationary and mobile robotic systems, it enables customers to improve operational efficiency and adaptability in their processes.
Founded in 2017 and based in Salt Lake City, Utah, the company was formerly known as Sarcos Technology and Robotics Corporation before rebranding in March 2024. Its innovative solutions help robots learn and adapt to both structured and unstructured environments, requiring minimal training and programming.
Technology
Software - Infrastructure
70
Mr. Benjamin G. Wolff
United States
2021
Palladyne AI Corp. has changed its ticker symbols from STRC and STRCW to PDYN and PDYNW, effective April 8, 2024, following its name change from Sarcos Technology and Robotics Corporation.
The ticker symbol change reflects a rebranding, which can signal a strategic shift or new direction for the company, potentially affecting investor perception and stock performance.
Sarcos Technology has rebranded to Palladyne AI Corp., effective immediately. The ticker symbol will change from STRC to PDYN on April 8, 2024, reflecting a focus on AI and machine learning software.
The rebranding to Palladyne AI and focus on AI commercialization signals a strategic shift that could attract investment and enhance growth potential in the tech sector.
Key robotics stocks are recommended for investment in February, despite a brief pullback in broader indices like the Nasdaq.
Key robotics stocks may offer growth opportunities despite a Nasdaq pullback, indicating potential resilience and sector rotation that could attract investor interest.
Sarcos Technology and Robotics Corporation announced that Ben Wolff will return as president and CEO on February 23, 2024, to drive the commercialization of its AI and ML software platform.
Ben Wolff's return as CEO signals a strategic shift towards commercialization of AI and ML technologies, potentially enhancing Sarcos' market position and growth prospects, affecting investor confidence.
Sarcos Technology and Robotics Corporation (NASDAQ: STRC) will hold its Q3 2023 earnings conference call on November 14, 2023, at 4:30 PM ET, featuring key company executives.
The Q3 earnings call provides insights into Sarcos' financial performance and future outlook, influencing investor sentiment and stock valuation.
Sarcos Technology and Robotics Corporation reported Q3 2023 results, highlighting a $13.8 million U.S. Air Force contract for AI/ML software and leadership changes, including Laura Peterson as CEO.
Sarcos is shifting focus to AI/ML in robotics, supported by a $13.8M Air Force contract, indicating growth potential and strategic realignment, which can enhance investor confidence and stock performance.
Based on our analysis of 4 Wall Street analysts, Sarcos Technology and Robotics Corporation (STRC) has a median price target of $1.00. The highest price target is $1.00 and the lowest is $1.00.
Analyst ratings for STRC are not currently available. The stock is currently trading at $7.95. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict STRC stock could reach $1.00 in the next 12 months. This represents a -87.4% decrease from the current price of $7.95. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by providing its AI and machine learning software platform to various industries, including industrial manufacturing, logistics, defense, and energy. By enhancing the functionality of both stationary and mobile robotic systems, it enables customers to improve operational efficiency and adaptability in their processes.
The highest price target for STRC is $1.00 from at , which represents a -87.4% decrease from the current price of $7.95.
The lowest price target for STRC is $1.00 from at , which represents a -87.4% decrease from the current price of $7.95.
Analyst ratings for STRC are not currently available. The stock is trading at $7.95.
Stock price projections, including those for Sarcos Technology and Robotics Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.