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S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock market today: World shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
BREAKING: Tiny biotech successfully treats blindness (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
Are These Consumer Staples Too Cheap for Investors To Ignore?
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock market today: World shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
BREAKING: Tiny biotech successfully treats blindness (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
Are These Consumer Staples Too Cheap for Investors To Ignore?
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
Flee to Healthcare Stocks if Recession Rears its Head?
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Tasty Dividend Stocks With Value and Above-Average Yields
3 ETFs for the Conservative Investor to Buy and Hold
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock market today: World shares track Wall Street's slump after Fed says rates may stay high in '24
5 NYSE-Listed Emerging Market Stocks For Income Investors
BREAKING: Tiny biotech successfully treats blindness (Ad)
Disney Denies Rumors of TV Sale, After Stock Jumps on News
Are These Consumer Staples Too Cheap for Investors To Ignore?
NASDAQ:SYM

Symbotic (SYM) Stock Forecast, Price & News

$32.23
-0.53 (-1.62%)
(As of 09/20/2023 ET)
Compare
Today's Range
$32.14
$34.20
50-Day Range
$31.85
$63.54
52-Week Range
$8.75
$64.14
Volume
575,480 shs
Average Volume
856,903 shs
Market Capitalization
$17.92 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.00

Symbotic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
52.0% Upside
$49.00 Price Target
Short Interest
Bearish
1.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.05mentions of Symbotic in the last 14 days
Based on 3 Articles This Week
Insider Trading
Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth
Growing
From ($0.46) to ($0.10) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Business Services Sector

115th out of 311 stocks

General Industrial Machinery, Industry

4th out of 8 stocks


SYM stock logo

About Symbotic (NASDAQ:SYM) Stock

Symbotic Inc., headquartered in Wilmington, Massachusetts, is an American robotics warehouse automation company at the forefront of revolutionizing supply chain operations. The company specializes in building and operating automated warehouse systems for clients in the United States and Canada, using advanced artificial intelligence in its software. By leveraging cutting-edge technology, Symbotic aims to enhance efficiency, increase productivity and optimize customer inventory management.

Symbotic's mission is to transform how products are stored, sorted, and distributed within the retail and wholesale industries. With its innovative solutions, the company offers a seamless end-to-end warehouse automation system, streamlining the entire product distribution process. Symbotic's software and robotic systems enable swift and precise movement, empowering clients to improve their operational performance and meet the demands of today's dynamic market.

The company serves a diverse range of grocery, retail, and wholesale customers, including industry giants such as C&S Wholesale Grocers, Albertsons, Giant Tiger, Target, and Walmart. Symbotic's software is employed by over 1,400 stores, showcasing the widespread adoption and effectiveness of their advanced warehouse automation technology.

Symbotic Inc. is led by a skilled and experienced management team dedicated to driving innovation and delivering exceptional results. Richard B. Cohen brings extensive expertise to his role as Chairman and Chief Executive Officer of Symbotic. With a proven leadership and strategic vision track record, Cohen is pivotal in guiding the company toward success. Under his guidance, Symbotic has achieved significant milestones and expanded its customer base.

Symbotic Inc. has exhibited impressive financial performance in recent years, demonstrating its ability to capture market share and generate substantial revenue. 

Recent revenue reports show that year-over-year revenue has increased by over 100%. This significant increase in revenue underscores the company's ability to deliver value to its clients and gain traction in the market.

Symbotic's net profit margin is currently negative, demonstrating the challenges of scaling a technology-focused business. However, the company's focus on innovation and expanding customer reach positions it for long-term profitability. 

Symbotic operates in the dynamic and rapidly evolving industry of warehouse automation. The industry has gained significant importance in recent years as businesses strive to enhance operational efficiency and meet the demands of e-commerce and omnichannel retail.

The warehouse automation industry is highly competitive, with several players offering various solutions. Symbotic differentiates itself by utilizing artificial intelligence and robotics to create end-to-end automation systems that optimize the entire product distribution process. The company's untethered robots, capable of high-speed and flexible movements, provide a competitive advantage over traditional fixed-route systems.

The industry faces regulatory and political challenges, such as labor regulations and safety standards, which impact the adoption of automation technologies. However, as companies increasingly recognize warehouse automation's benefits in cost reduction, productivity improvement, and inventory management, the industry is poised for continued growth.

Symbotic Inc. has numerous growth opportunities to propel its success in the coming years.  As technology advances, Symbotic can invest in research and development to further enhance its software and robotics capabilities. Innovations such as machine learning, computer vision, and predictive analytics can contribute to even greater efficiency and optimization in warehouse operations.

While Symbotic Inc. has demonstrated impressive growth potential, it faces certain risks and challenges. The warehouse automation industry is highly competitive, with established players and emerging startups vying for market share. Symbotic must continuously innovate and differentiate itself to maintain its competitive edge.

Symbotic's growth depends on the overall economic conditions and consumer spending patterns. Economic downturns or recessions can impact the demand for warehouse automation solutions.

The rapid pace of technological advancements necessitates Symbotic to stay at the forefront of innovation. Failure to adapt to emerging technologies or evolving customer demands could render its solutions obsolete.

As the industry faces increasing regulatory scrutiny, Symbotic must adhere to safety, labor, and privacy regulations. Non-compliance could lead to reputational damage and legal consequences.

SYM Price History

SYM Stock News Headlines

Miso Robotics Stock: Is an IPO Coming Soon? (SYM)
Can you buy Miso Robotics stock? Miso Robotics is not yet publicly traded, but there are other ways to get in on this branch of AI. Learn more.
These 2 Stocks Help Put an Industrial Spin on AI (SYM)
As the AI market continues to take shape, these two industrial stocks are watchlist candidates for their ability to monetize AI in meaningful ways
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Symbotic Inc. (SYM)
Expert Ratings for Symbotic
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Symbotic Stock Ran Too Far
Softbank Buys SYM and WE Shares in Bulk. Should Investors Follow?
Why Automation Stock Symbotic Surged 48% in July
Why Symbotic Stock Plunged Today
These Analysts Raise Their Forecasts On Symbotic After Strong Sales
See More Headlines
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SYM Company Calendar

Last Earnings
7/31/2023
Today
9/21/2023
Fiscal Year End
9/30/2023
Next Earnings (Estimated)
11/20/2023

Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
N/A
Current Symbol
NASDAQ:SYM
Fax
N/A
Employees
1,120
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+52.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$-79,000,000.00
Pretax Margin
-20.93%

Debt

Sales & Book Value

Annual Sales
$593.31 million
Cash Flow
$0.00 per share
Book Value
$0.12 per share

Miscellaneous

Free Float
327,950,000
Market Cap
$17.92 billion
Optionable
Not Optionable
Beta
1.67
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Key Executives

  • Mr. Richard B. Cohen (Age 70)
    Chairman & CEO
  • Mr. Thomas C. Ernst Jr.Mr. Thomas C. Ernst Jr. (Age 54)
    CFO, Principal Accounting Officer & Treasurer
    Comp: $654.68k
  • Mr. Michael Dunn (Age 50)
    Sr. VP of Sales, Marketing & Product Strategy
    Comp: $712.87k
  • Mr. Rob Krattiger
    Sr. VP of Deployment, Implementation & Operations
  • Mr. George Dramalis (Age 63)
    Chief Technology Officer
  • Mr. Jeffrey K. Evanson
    VP of Investor Relations & Corp. Devel.
  • Mr. Corey C. DuFresne (Age 51)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Miriam Ort (Age 42)
    Chief HR Officer
  • Mr. Bill Boyd III (Age 56)
    Chief Strategy Officer
  • Mr. William Mines
    Sr. VP of Supply Chain













SYM Stock - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYM shares.
View SYM analyst ratings
or view top-rated stocks.

What is Symbotic's stock price forecast for 2023?

11 brokerages have issued twelve-month target prices for Symbotic's shares. Their SYM share price forecasts range from $32.00 to $70.00. On average, they expect the company's stock price to reach $49.00 in the next year. This suggests a possible upside of 52.0% from the stock's current price.
View analysts price targets for SYM
or view top-rated stocks among Wall Street analysts.

How have SYM shares performed in 2023?

Symbotic's stock was trading at $11.94 at the beginning of 2023. Since then, SYM stock has increased by 169.9% and is now trading at $32.23.
View the best growth stocks for 2023 here
.

When is Symbotic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our SYM earnings forecast
.

How were Symbotic's earnings last quarter?

Symbotic Inc. (NASDAQ:SYM) released its quarterly earnings results on Monday, July, 31st. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The firm had revenue of $311.84 million for the quarter, compared to analyst estimates of $262.68 million. Symbotic had a negative trailing twelve-month return on equity of 57.19% and a negative net margin of 2.25%. During the same quarter last year, the business earned ($0.01) EPS.

What guidance has Symbotic issued on next quarter's earnings?

Symbotic issued an update on its fourth quarter 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $290.00 million-$310.00 million, compared to the consensus revenue estimate of $299.68 million.

What is Symbotic's stock symbol?

Symbotic trades on the NASDAQ under the ticker symbol "SYM."

Who are Symbotic's major shareholders?

Symbotic's stock is owned by a number of institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.13%), Exchange Traded Concepts LLC (0.10%), Raymond James & Associates (0.08%), Nicholas Investment Partners LP (0.06%), BlackRock Inc. (0.05%) and Driehaus Capital Management LLC (0.05%). Insiders that own company stock include Charles Kane, David A Ladensohn, Janet L Cohen, Michael David Dunn, Rollin L Ford, Svf Ii Spac Investment 3 (De), Thomas C Ernst Jr and William M Boyd III.
View institutional ownership trends
.

How do I buy shares of Symbotic?

Shares of SYM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Symbotic's stock price today?

One share of SYM stock can currently be purchased for approximately $32.23.

How much money does Symbotic make?

Symbotic (NASDAQ:SYM) has a market capitalization of $17.92 billion and generates $593.31 million in revenue each year. The company earns $-79,000,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.

How many employees does Symbotic have?

The company employs 1,120 workers across the globe.

How can I contact Symbotic?

Symbotic's mailing address is 1 CIRCLE STAR WAY, SAN CARLOS CA, 94070. The official website for the company is www.symbotic.com. The company can be reached via phone at 978-284-2800 or via email at ir@symbotic.com.

This page (NASDAQ:SYM) was last updated on 9/21/2023 by MarketBeat.com Staff

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