Vertical Research initiated coverage on Symbotic with a new price target
$SYM
Industrial Machinery/Components
Industrials
Vertical Research initiated coverage of Symbotic with a rating of Hold and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/23/2024 | $45.00 | Hold | Vertical Research |
| 2/7/2024 | $50.00 | Neutral → Buy | DA Davidson |
| 2/6/2024 | $58.00 → $54.00 | Buy | Needham |
| 10/3/2023 | $50.00 | Overweight | KeyBanc Capital Markets |
| 8/1/2023 | $36.00 → $50.00 | Buy → Neutral | DA Davidson |
| 8/1/2023 | Outperform → Mkt Perform | William Blair | |
| 6/29/2023 | $34.00 → $40.00 | Buy → Neutral | UBS |
| 5/22/2023 | Outperform | William Blair |
Vertical Research initiated coverage of Symbotic with a rating of Hold and set a new price target of $45.00
DA Davidson upgraded Symbotic from Neutral to Buy and set a new price target of $50.00
Needham reiterated coverage of Symbotic with a rating of Buy and set a new price target of $54.00 from $58.00 previously
WILMINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release fourth quarter and fiscal year 2024 financial results after the market close on Monday, November 18, 2024. 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 and fiscal year 2024 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-Q4-2024 for a personal access code. The webcast will be available for repl
WILMINGTON, Mass. and MEXICO CITY, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has entered into commercial agreements with Walmart de México y Centroamérica (MBV/BIVA: Walmex), to implement Symbotic's industry-leading warehouse automation systems in two of the retailer's locations near Mexico City. Under the agreements, Symbotic will deploy its end-to-end systems at two greenfield distribution centers, with the first site currently breaking ground in the Bajio region of Mexico. The Bajio site will be one of the largest in Walmex's distribution network in Mexico and marks the largest sys
WILMINGTON, Mass., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has ranked No. 58 on Fast Company's sixth annual Best Workplaces for Innovators list, honoring organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. Symbotic's next-generation robotics and intelligent software is revolutionizing warehouse operations by delivering unmatched efficiency, speed, and flexibility for some of the world's largest retailers and wholesalers. "At Symbotic, innovation is a core value, and we take great pride in empowering every team mem
WILMINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release fourth quarter and fiscal year 2024 financial results after the market close on Monday, November 18, 2024. 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 and fiscal year 2024 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-Q4-2024 for a personal access code. The webcast will be available for repl
WILMINGTON, Mass., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced it has acquired substantially all of the assets of Veo Robotics, an innovator in intelligent safeguarding for industrial robots. Assets purchased under this agreement include the FreeMove® 3D depth-sensing computer vision system for industrial workcells and all related intellectual property. By integrating FreeMove into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration. "The innovative FreeMove vision system allows Symbotic to enhance productivit
WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2024 financial results after the market close on Monday, July 29, 2024. 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-Q3-2024 for a personal access code. The webcast will be available for replay on the Symbotic Investor Relat
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WILMINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its third fiscal quarter of 2024 ended June 29, 2024. Symbotic posted revenue of $492 million, a net loss of $14 million and adjusted EBITDA1 of $15 million for the third quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million. Cash, cash equivalents and marketable securities on hand decreased by $81 million from the prior quarter to $870 million at the end of the third quarter. "Symbotic continues to i
WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second fiscal quarter of 2024 ended March 30, 2024. Symbotic posted revenue of $424 million, a net loss of $41 million and adjusted EBITDA¹ of $22 million for the second quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $267 million, a net loss of $55 million and an adjusted EBITDA loss¹ of $11 million. Cash, cash equivalents and marketable securities on hand increased by $276 million from the prior quarter to $951 million at the end of the second quarter. "This past quarter
WILMINGTON, Mass., Feb. 05, 2024 (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 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a net loss of $68 million and an adjusted EBITDA loss1 of $16 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $129 million from the prior quarter to $677 million at the end of the first quarter.
Vertical Research analyst Kevin McCarthy initiates coverage on Symbotic (NASDAQ:SYM) with a Hold rating and announces Price Target of $45.
BWS Financial analyst Hamed Khorsand initiates coverage on Symbotic (NASDAQ:SYM) with a Sell rating and announces Price Target of $10.
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