S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting

3 Reasons Symbotic Should Be On Your August Watchlist

Symbotic stock price

Key Points

  • Revenue is up 20x in 2 years as Symbiotic hits critical scale. 
  • Shares are printing fresh all-time highs, with strong momentum behind them. 
  • Some profit-taking is imminent, which will open up buying opportunities. 
  • 5 stocks we like better than NVIDIA

Despite being a $30 billion company, Symbotic Inc NASDAQ: SYM isn’t one of the more well-known stocks out there. That’s been changing, though, helped by the fact that in recent weeks they’ve consistently been among the best-performing equities. Shares of the AI robotics company have been on an absolute tear since last November, taking on more than 600%. If that kind of return isn’t enough to guarantee them a spot on your August watchlist, here are three more reasons. 

Earnings

First things first, their earnings are red hot and have never been better. They’ve grown revenue 20x in the past two years as their sales have hit a critical scale. This week’s Q3 topline revenue number was up a full 77% year on year and well ahead of what analysts had been expecting. They’re not profitable yet, but with EPS at -$0.07, they’re also not a million miles away. 

For their revenue to be hitting the stratosphere like this is almost perfect timing, as AI has never been hotter and never been a bigger part of our reality. There are plenty of AI-related stocks out there riding on the coattails of NVIDIA Corp NASDAQ: NVDA but with little revenue to show for it. Symbotic, on the other hand, is already up and running with the best of them, its record operating margin for the last quarter being a testament to this. 

All-Time Highs

It follows that a company whose revenue is taking off, like Symbiotic, should also have a strong share price, and there’s no question of that. What’s interesting though is that few saw this happening this time last year when shares were approaching an all-time low. Since the end of last year, though, they’ve only gone up, with fresh all-time highs being regularly printed since April. 


Many funds and investors place great significance on a stock being at all-time highs, as it’s one of the clearest indicators of bullish buying momentum. When there’s a seismic shift underway in a company’s fundamentals, like with Symbiotic and its revenue, the share price is often left behind and forced to play catch-up.

At a time when all the major indices are still trying to reclaim their all-time highs, finding companies who are currently printing fresh ones is a rare sight. Symbotic’s shares had been taking a bit of a breather last month after June’s peak, but Monday’s report sent them soaring above this.

Entry Opportunity Opening 

This brings us to our final point. It can be uncomfortable, if not outright scary, buying into a stock that’s already rallied more than 600% in less than a year, notwithstanding the fact it might have strong earnings and technical support. Readers who are skeptical about the stock’s ability to maintain this kind of pace will be interested to note that William Blair downgraded Symbotic stock on Tuesday. 

The downgrade from Outperform to Market Perform came on the back of Symbotic’s Q3 results, which analyst Ross Sparenblek admitted were “well above expectations” but gave fresh fuel to valuation concerns. With shares trading at roughly 80 times fiscal 2025 EBITDA estimates, he feels things are getting frothy, and some profit-taking might be imminent. 

However, any dip from here can only be good news for investors who are impressed with Symbotic’s growth rate but who also want to feel they’re getting in at a reasonable price. Let’s see if their shares can consolidate in the mid-low $50s over the coming weeks, with any move back into the $40s likely to be short-lived.  

→ This is the #1 Stock to Buy for the AI Tidal Wave (From Chaikin Analytics) (Ad)

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.6523 of 5 stars
$822.79+4.0%0.02%68.91Moderate Buy$824.90
Symbotic (SYM)
3.6364 of 5 stars
$40.93+3.9%N/A-151.59Moderate Buy$52.85
Compare These Stocks  Add These Stocks to My Watchlist 

Sam Quirke

About Sam Quirke

  • s.quirke.us@gmail.com

Contributing Author

Technical Analysis

Experience

Sam Quirke has been a contributing writer for MarketBeat since 2019.

Areas of Expertise

Technical and fundamental analysis, tech stocks, large caps, timing entries and exits

Education

Trinity College, Dublin, Ireland

Past Experience

Professional futures trader, start-up fund manager


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