Needham & Company LLC Reaffirms Buy Rating for Symbotic (NASDAQ:SYM)

Key Points

• Needham & Company reaffirmed its Buy rating on Symbotic and maintained a $75 price target, implying approximately 61% upside from the reported $46.52 share price.
• Symbotic’s quarterly revenue reached $720.84 million, exceeding estimates and rising 21.7% year over year, but EPS of $0.09 missed the $0.13 consensus estimate. Analysts’ overall consensus remains Hold, with a $66.50 average price target.
• Shares were trading down 2%, while insiders have sold 143,433 shares worth about $6.6 million over the past 90 days; some sales were related to tax withholding or pre-arranged trading plans.

Symbotic (NASDAQ:SYM - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $75.00 target price on the stock. Needham & Company LLC's target price would suggest a potential upside of 61.22% from the company's current price.

Several other research firms have also recently commented on SYM. Zacks Research cut Symbotic from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 7th. Weiss Ratings lowered Symbotic from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, May 11th. The Goldman Sachs Group cut their price objective on Symbotic from $54.00 to $45.00 and set a "sell" rating for the company in a report on Tuesday, May 26th. Finally, DA Davidson reiterated a "buy" rating and set a $70.00 price objective on shares of Symbotic in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $66.50.

Symbotic Trading Down 2.0%

Shares of NASDAQ:SYM opened at $46.52 on Thursday. The company has a 50 day moving average of $43.02 and a 200 day moving average of $50.90. The stock has a market cap of $28.04 billion, a P/E ratio of -930.21, a P/E/G ratio of 7.00 and a beta of 1.94. Symbotic has a 12 month low of $38.19 and a 12 month high of $87.88.

Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $720.84 million during the quarter, compared to the consensus estimate of $715.03 million. Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, equities analysts forecast that Symbotic will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Symbotic

In other Symbotic news, CFO Izilda P. Martins sold 27,463 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $40.80, for a total value of $1,120,490.40. Following the transaction, the chief financial officer owned 35,171 shares in the company, valued at approximately $1,434,976.80. The trade was a 43.85% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $45.27, for a total value of $90,540.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 143,433 shares of company stock worth $6,627,326 over the last ninety days. 8.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Symbotic

Several hedge funds and other institutional investors have recently modified their holdings of SYM. Parkside Financial Bank & Trust raised its position in shares of Symbotic by 100.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 536 shares of the company's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Quarry LP bought a new position in Symbotic in the fourth quarter worth $36,000. Parallel Advisors LLC lifted its position in Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company's stock valued at $37,000 after buying an additional 249 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Symbotic during the 4th quarter valued at $48,000. Finally, NewEdge Advisors LLC increased its stake in shares of Symbotic by 81.5% in the 2nd quarter. NewEdge Advisors LLC now owns 1,276 shares of the company's stock worth $50,000 after acquiring an additional 573 shares in the last quarter.

Key Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported third-quarter revenue of approximately $721 million, up 22% year over year and above analysts’ $715 million consensus estimate. The company also reported $55 million in net income, compared with a $21 million loss a year earlier, highlighting significant operational improvement. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, broadly in line with the $770.7 million analyst estimate. The guidance supports expectations for continued demand for Symbotic’s AI-enabled warehouse-automation systems.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial, governance and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Symbotic’s discussion of AI coding agents reflects efforts to manage software-development spending, but the report provides limited new information about near-term revenue or earnings. AI coding agents are blowing through budgets
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.12–$0.13 consensus range. The earnings miss overshadowed the revenue beat and may renew concerns about the company’s ability to convert rapid growth into consistent profitability. Symbotic misses Q3 earnings estimates
• Negative Sentiment: CFO Izilda Martins sold 27,463 shares, reducing her position by 43.85%; the sale was made to cover tax withholding tied to vested equity awards. Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. These transactions were scheduled or tax-related, limiting their importance, but may still weigh modestly on investor sentiment. Symbotic insider trading report

Symbotic Company Profile

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.

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