Oppenheimer initiated coverage on Symbotic with a new price target
$SYM
Industrial Machinery/Components
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Oppenheimer initiated coverage of Symbotic with a rating of Outperform and set a new price target of $35.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2025 | Outperform → Mkt Perform | Raymond James | |
| 1/16/2025 | $35.00 | Outperform | Oppenheimer |
| 1/13/2025 | $37.00 | Buy | Citigroup |
| 1/8/2025 | $35.00 | Neutral → Buy | DA Davidson |
| 11/27/2024 | $25.00 | Buy → Hold | Craig Hallum |
| 11/27/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/27/2024 | $50.00 → $35.00 | Buy → Neutral | DA Davidson |
| 7/23/2024 | $45.00 | Hold | Vertical Research |
WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025. Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting r
WILMINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second quarter of fiscal year 2025, which ended on March 29, 2025. Symbotic posted revenue of $550 million, a net loss of $21 million and adjusted EBITDA1 of $35 million for the second quarter of fiscal year 2025. By comparison, in the second quarter of fiscal year 2024, Symbotic had revenue of $393 million, a net loss of $55 million and adjusted EBITDA1 of $9 million. Cash and cash equivalents increased by $52 million from the prior quarter to $955 million at the end of the second quarter of fiscal year 202
WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela
Raymond James downgraded Symbotic from Outperform to Mkt Perform
Oppenheimer initiated coverage of Symbotic with a rating of Outperform and set a new price target of $35.00
Citigroup resumed coverage of Symbotic with a rating of Buy and set a new price target of $37.00
WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela
WILMINGTON, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has both completed the acquisition of the Advanced Systems and Robotics business from Walmart (NYSE:WMT) and signed the related commercial agreement with Walmart covering the development and deployment of automation systems for Accelerated Pickup and Delivery centers ("APDs") at Walmart stores (the "Commercial Agreement"). Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic's A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerat
WILMINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release first quarter fiscal 2025 financial results after the market close on Wednesday, February 5, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q1-2025 for a personal access code. The webcast will be available for replay on the Symbotic Inve
WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025. Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting r
WILMINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Dr. James Kuffner as Chief Technology Officer (CTO), effective January 1, 2025, in line with the retirement of George Dramalis, Symbotic's former CTO. In his new role, Kuffner will be responsible for continuing to advance Symbotic's technologies and solutions to drive Symbotic's strategic long-term growth. "James has more than 30 years of leadership experience in robotics. He has helped forge groundbreaking technological advances at Toyota, Google and Carnegie Mellon University's Robotics Institute," said Ric
WILMINGTON, Mass., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to the Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Symbotic has determined that it is unable to file its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 by the prescribed filing due date, without unreasonable effort or expense, because the Company requires additional time to complete its assessment of the financial impacts of correcting an error related to system revenue recognition and the impa
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