In a report released today, Kenneth Newman from KeyBanc reiterated a Buy rating on Symbotic (SYM – Research Report). The company’s shares closed yesterday at $37.16.
Newman covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Herc Holdings, and Distribution Solutions Group. According to TipRanks, Newman has an average return of 11.0% and a 62.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Symbotic with a $61.00 average price target, representing a 64.16% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $55.00 price target.
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The company has a one-year high of $64.14 and a one-year low of $10.05. Currently, Symbotic has an average volume of 922.6K.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYM in relation to earlier this year.
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Symbotic (SYM) Company Description:
SVF Investment Corp 3 is a blank check company.
Read More on SYM:
- Symbotic Reports 2023 Results with Record Revenue and Improved Margin as Deployments Accelerated
- Symbiotic options imply 15.4% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, November 20, 2023
- SYM Earnings this Week: How Will it Perform?
- Southern Glazer’s Wine & Spirits and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation Systems
