Raymond James downgraded Symbotic from Outperform to Mkt Perform
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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 |
4 - Symbotic Inc. (0001837240) (Issuer)
4 - Symbotic Inc. (0001837240) (Issuer)
4 - Symbotic Inc. (0001837240) (Issuer)
144 - Symbotic Inc. (0001837240) (Subject)
144 - Symbotic Inc. (0001837240) (Subject)
10-Q - Symbotic Inc. (0001837240) (Filer)
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
WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million. Cash, cash equivalents and marketable securities on hand decreased by $143 million from the prior quarter to $727 million at the end of the fourth quarter. For the full f
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., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has completed the acquisition of OhmniLabs, a Silicon Valley-based innovator in the field of robotics solutions for health care. "Combining Symbotic's expertise in large-scale automation with OhmniLabs' ground-breaking mobile robots, vision and A.I. solutions will enable the development of unparalleled automation innovations across different settings," said Rick Cohen, Executive Chairman and CEO of Symbotic. "We were drawn to OhmniLabs for its impressive talent and industry experience that will enable our expansion beyo
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., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2025, ended December 28, 2024. Symbotic posted revenue of $487 million, a net loss of $19 million and adjusted EBITDA1 of $18 million for the first quarter of fiscal 2025. In the first quarter of fiscal 2024, Symbotic had revenue of $360 million, a net loss of $19 million and adjusted EBITDA1 of $8 million. Cash and cash equivalents increased by $176 million from the prior quarter to $903 million at the end of the first quarter of fiscal year 2025. "In the first quarter, we continue
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
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