Symbotic Inc.

Symbotic Inc. Stock Forecast & Price Prediction

Live Symbotic Inc. Stock (SYM) Price
$33.95

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : 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. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$33.95

P/E Ratio

-91.76

Volume Traded Today

$1.3M

Dividend

Dividends not available for SYM

52 Week High/low

59.82/17.11

Symbotic Inc. Market Cap

$19.88B

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SYM Summary

From what 0 stock analysts predict, the share price for Symbotic Inc. (SYM) might increase by 15.99% in the next year. This is based on a 12-month average estimation for SYM. Price targets go from $10 to $60. The majority of stock analysts believe SYM is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

SYM Analyst Ratings

SYM is a stock in Industrials which has been forecasted to be worth $39.38 as an average. On the higher end, the forecast price is $60 USD by Derek Soderberg from Cantor Fitzgerald and on the lower end SYM is forecasted to be $10 by Mark Delaney from Goldman Sachs.

SYM stock forecast by analyst

These are the latest 20 analyst ratings of SYM.

Analyst/Firm

Rating

Price Target

Change

Date

Derek Soderberg
Cantor Fitzgerald

Overweight

$60

Reiterates

Oct 11, 2024
Hamed Khorsand
BWS Financial

Sell

$10

Maintains

Oct 11, 2024
Hamed Khorsand
BWS Financial

Sell

$10

Maintains

Sep 27, 2024
Mark Delaney
Goldman Sachs

Neutral

$30

Maintains

Jul 31, 2024
Robert Mason
Baird

Outperform

$41

Maintains

Jul 31, 2024
Nicole Deblase
Deutsche Bank

Buy

$59

Maintains

Jul 30, 2024
James Ricchiuti
Needham

Buy

$40

Maintains

Jul 30, 2024
Greg Palm
Craig-Hallum

Buy

$45

Maintains

Jul 30, 2024
Joseph Giordano
TD Cowen

Buy

$43

Maintains

Jul 30, 2024
Hamed Khorsand
BWS Financial

Sell

$10

Maintains

Jul 30, 2024
Itay Michaeli
Citigroup

Buy

$49

Maintains

Jul 30, 2024
Michael Latimore
Northland Capital Markets

Outperform

$50

Maintains

Jul 30, 2024
Ken Newman
Keybanc

Overweight

$40

Maintains

Jul 30, 2024
Derek Soderberg
Cantor Fitzgerald

Overweight

$60

Reiterates

Jul 30, 2024
Kevin McCarthy
Vertical Research

Hold

$45

Initiates

Jul 23, 2024
Hamed Khorsand
BWS Financial

Sell

$10

Initiates

Jul 22, 2024
Mark Delaney
Goldman Sachs

Neutral

$40

Maintains

Jul 10, 2024
Greg Palm
Craig-Hallum

Buy

$60

Maintains

May 8, 2024
Robert Mason
Baird

Outperform

$53

Maintains

May 7, 2024
James Ricchiuti
Needham

Buy

$54

Reiterates

May 7, 2024

SYM Company Information

What They Do: Develops automation technology for warehouse efficiency.

Business Model: The company generates revenue by providing automation solutions that streamline the processing of pallets and cases in large warehouses and distribution centers, primarily for retail clients. Its technology enhances the operational efficiency of supply chains, making it a valuable partner for businesses looking to optimize their logistics.

Other Information: Founded in 2006 and based in Wilmington, Massachusetts, Symbotic Inc. focuses on modernizing the supply chain through innovative technology, positioning itself in a growing market as demand for warehouse automation increases.
SYM
Symbotic Inc. (SYM)

When did it IPO

2022

Staff Count

1,300

Country

United States

Sector/Industry

Industrials/Specialty Industrial Machinery

CEO

Mr. Richard B. Cohen

Market Cap

$19.88B

Symbotic Inc. (SYM) Financial Data

In 2023, SYM generated $1.18B in revenue, which was a increase of 98.36% from the previous year. This can be seen as a signal that SYM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$92.1M

Revenue From 2021

$251.9M

173.56 %
From Previous Year

Revenue From 2022

$593.3M

135.52 %
From Previous Year

Revenue From 2023

$1.18B

98.36 %
From Previous Year
  • Revenue TTM $1.68B
  • Operating Margin TTM -5.1%
  • Gross profit TTM $189.7M
  • Return on assets TTM -5.1%
  • Return on equity TTM -56.6%
  • Profit Margin -1.0%
  • Book Value Per Share 4.06%
  • Market capitalisation $19.88B
  • Revenue for 2021 $251.9M
  • Revenue for 2022 $593.3M
  • Revenue for 2023 $1.18B
  • EPS this year (TTM) $-0.20

Symbotic Inc. (SYM) Latest News

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Symbotic Inc. (SYM) closed at $29.96, up 1.49% from the previous trading day in the latest trading session.

Why It Matters - Symbotic Inc.'s 1.49% price increase signals positive market sentiment, which may attract more investors and indicate potential growth or stability in the company's performance.

News Image

Thu, 31 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks.com users are closely monitoring SYMBOTIC INC (SYM), indicating increased interest in the stock. Investors may want to review its performance and outlook.

Why It Matters - Increased interest in SYMBOTIC INC indicates potential volatility or opportunity, prompting investors to analyze stock performance and market sentiment for strategic decisions.

News Image

Mon, 28 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Symbotic Inc. (Nasdaq: SYM), a leader in A.I., announced news on October 28, 2024, from Wilmington, Massachusetts. Further details were not provided in the excerpt.

Why It Matters - Symbotic's advancements in A.I. can enhance operational efficiency and drive growth, impacting its market position and potentially increasing stock value.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Bragar Eagel & Squire is investigating potential claims against Symbotic Inc. (NASDAQ: SYM) related to a class action filed on August 14, 2024, concerning fiduciary duties of the board.

Why It Matters - The investigation into Symbotic Inc. and potential breaches of fiduciary duties could impact stock performance, shareholder confidence, and future governance practices.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Symbotic Inc. (SYM) closed at $28.58, reflecting a 0.95% increase from the prior trading day.

Why It Matters - A 0.95% increase in Symbotic Inc.'s stock price suggests positive market sentiment and potential momentum, signaling confidence in the company's performance or outlook.

News Image

Mon, 21 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Symbotic Inc. (SYM) closed at $30.14, reflecting a 0.3% increase from the previous trading day.

Why It Matters - Symbotic Inc.'s slight price increase indicates market stability and potential investor confidence, which can impact future trading and investment decisions.

...

SYM Frequently asked questions

The highest forecasted price for SYM is $60 from Derek Soderberg at Cantor Fitzgerald.

The lowest forecasted price for SYM is $10 from Mark Delaney from Goldman Sachs

The SYM analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.