Symbotic (NASDAQ:SYM) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Symbotic (NASDAQ:SYM) had its price target boosted by equities research analysts at Needham & Company LLC from $70.00 to $75.00 in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 25.54% from the company’s current price.

SYM has been the topic of several other reports. TD Cowen reaffirmed a “buy” rating on shares of Symbotic in a research report on Wednesday, December 3rd. Citigroup boosted their price target on Symbotic from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen upgraded Symbotic from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. Cantor Fitzgerald raised their price objective on shares of Symbotic from $60.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Barclays boosted their target price on shares of Symbotic from $41.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.36.

Symbotic Stock Up 11.1%

SYM stock opened at $59.74 on Thursday. The company has a 50 day moving average of $62.41 and a two-hundred day moving average of $60.29. The company has a market cap of $35.34 billion, a price-to-earnings ratio of -597.34, a PEG ratio of 15.26 and a beta of 2.13. Symbotic has a 12-month low of $16.32 and a 12-month high of $87.88.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The company had revenue of $629.99 million for the quarter, compared to analysts’ expectations of $622.58 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The company’s revenue was up 29.4% on a year-over-year basis. On average, research analysts anticipate that Symbotic will post 0.13 EPS for the current year.

Insider Activity at Symbotic

In other news, Director Merline Saintil sold 9,000 shares of Symbotic stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $84.72, for a total value of $762,480.00. Following the transaction, the director owned 68,413 shares of the company’s stock, valued at $5,795,949.36. This trade represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Svf Sponsor Iii (De) Llc sold 3,500,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $53.21, for a total transaction of $186,235,000.00. Following the completion of the sale, the insider owned 5,590,000 shares of the company’s stock, valued at $297,443,900. The trade was a 38.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,145,878 shares of company stock valued at $381,770,290. 8.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Symbotic

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of Symbotic by 28.8% during the 1st quarter. Royal Bank of Canada now owns 84,856 shares of the company’s stock worth $1,714,000 after purchasing an additional 18,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Symbotic by 15.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,899 shares of the company’s stock worth $1,716,000 after buying an additional 11,098 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Symbotic by 7.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,519 shares of the company’s stock worth $719,000 after buying an additional 1,271 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Symbotic by 22.0% in the second quarter. KLP Kapitalforvaltning AS now owns 10,000 shares of the company’s stock valued at $388,000 after acquiring an additional 1,800 shares during the period. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Symbotic in the second quarter worth $225,000.

Symbotic News Roundup

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Q1 financial beat and GAAP profit — Symbotic reported roughly $630M revenue (+29% YoY) and turned GAAP profitable (net income reported), showing a big jump in adjusted EBITDA and operational leverage that supports a bullish re-rating. Read More.
• Positive Sentiment: Raised near‑term guidance — management set Q2 revenue at $650M–$670M, above consensus, reinforcing the narrative of sustained top‑line momentum and near‑term upside. Read More.
• Positive Sentiment: Analyst support — Needham bumped its price target to $75 and reiterated a buy, adding incremental buy‑side pressure after the quarter. Read More.
• Neutral Sentiment: Operational details and backlog — management highlighted faster install‑to‑acceptance timelines, strong software gross margins (~73%) and a multi‑billion backlog that underpins deployment-driven revenue, supporting the long‑term thesis but dependent on execution. Read More.
• Neutral Sentiment: Broad coverage and transcripts — multiple call transcripts and write‑ups give detail on execution priorities (capacity, AI/software leverage) that investors should review to assess cadence of future installs. Read More.
• Negative Sentiment: Insider selling and concentration risk — a director disclosed sales (4,000 shares) and the business still has high customer concentration (Walmart and a few large customers), which elevates execution and client‑risk if deployments slow. Read More.
• Negative Sentiment: EPS/communication noise and valuation — some outlets flagged EPS reporting/mix (GAAP vs. adjusted) that created short‑term confusion, and the shares still trade at a premium with a wide range of analyst targets, leaving the stock exposed to sentiment swings. Read More.

About Symbotic

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.