Symbotic (NASDAQ:SYM) Price Target Raised to $70.00

Symbotic (NASDAQ:SYM) had its target price upped by Needham & Company LLC from $57.00 to $70.00 in a research report report published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

SYM has been the topic of a number of other research reports. Wall Street Zen cut Symbotic from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Barclays began coverage on Symbotic in a research note on Tuesday, October 7th. They issued an “underweight” rating and a $38.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Symbotic in a report on Tuesday. Citigroup lifted their target price on shares of Symbotic from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson reissued a “neutral” rating and issued a $47.00 price target (up previously from $35.00) on shares of Symbotic in a research report on Monday, August 25th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Symbotic presently has an average rating of “Hold” and an average target price of $54.13.

Symbotic Stock Up 13.0%

Shares of SYM stock opened at $87.30 on Tuesday. The company has a 50 day moving average of $66.06 and a 200-day moving average of $50.64. Symbotic has a 12-month low of $16.32 and a 12-month high of $87.88. The firm has a market cap of $51.55 billion, a P/E ratio of -582.00, a PEG ratio of 15.32 and a beta of 2.10.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Monday, November 24th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The firm had revenue of $618.46 million during the quarter, compared to analysts’ expectations of $604.00 million. During the same quarter in the previous year, the company posted $0.47 EPS. Symbotic’s revenue for the quarter was up 9.5% on a year-over-year basis. Symbotic has set its Q1 2026 guidance at EPS. As a group, equities analysts expect that Symbotic will post 0.13 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder David A. Ladensohn sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $66.75, for a total value of $1,535,250.00. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at approximately $333,750. This trade represents a 82.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William M. Boyd III sold 11,735 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $82.09, for a total transaction of $963,326.15. Following the transaction, the insider directly owned 26,769 shares of the company’s stock, valued at approximately $2,197,467.21. This represents a 30.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,160 shares of company stock worth $4,761,942 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Symbotic

Institutional investors and hedge funds have recently bought and sold shares of the company. MAI Capital Management grew its position in shares of Symbotic by 833.3% during the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Symbotic in the second quarter worth $32,000. IAG Wealth Partners LLC purchased a new stake in shares of Symbotic in the second quarter worth $32,000. Ameriflex Group Inc. boosted its stake in Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock valued at $38,000 after buying an additional 660 shares during the period. Finally, Gables Capital Management Inc. bought a new stake in Symbotic during the second quarter valued at $39,000.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.