In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Symbotic (SYM – Research Report). The company’s shares closed yesterday at $40.26.
Palm covers the Technology sector, focusing on stocks such as Faro Technologies, nLIGHT, and Markforged Holding. According to TipRanks, Palm has an average return of 9.3% and a 51.92% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Symbotic with a $55.25 average price target.
Based on Symbotic’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $374.65 million and a GAAP net loss of $1.93 million. In comparison, last year the company earned a revenue of $208.15 million and had a GAAP net loss of $7.19 million
Based on the recent corporate insider activity of 92 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 to Stream Investor Day Webcast on May 9, 2024
- Symbotic Announces Date for Reporting Second Quarter Fiscal 2024 Financial Results
- Symbiotic put volume heavy and directionally bearish
- Symbotic price target raised to $60 from $55 at Northland
- 5 Best AI Stocks to Buy in April 2024, According to Analysts
