S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan

Symbotic (SYM) Stock Price, News & Analysis

$40.93
+1.53 (+3.88%)
(As of 03/1/2024 ET)
Today's Range
$38.90
$41.67
50-Day Range
$37.91
$55.95
52-Week Range
$14.14
$64.14
Volume
1.80 million shs
Average Volume
2.18 million shs
Market Capitalization
$23.62 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$52.85

Symbotic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
29.1% Upside
$52.85 Price Target
Short Interest
Healthy
32.09% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.35mentions of Symbotic in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$293.35 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Business Services Sector

79th out of 309 stocks

General Industrial Machinery, Industry

3rd out of 10 stocks


SYM stock logo

About Symbotic Stock (NASDAQ:SYM)

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 Stock 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.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
SYM Mar 2024 43.500 call
This Week's Top 3 Short-Squeeze Candidates
SYM Mar 2024 41.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
SYM Mar 2024 33.000 put
SYM Mar 2024 35.000 put
3 AI Stocks to Turn $10,000 Into $1 Million: February 2024
Symbotic: Warehouse As A Service
SYM Mar 2024 60.000 call
Symbotic Stock: Buy, Sell, or Hold?
Symbotic Stock: Buy, Sell, or Hold?
Symbotic: Still A Buy But Price Target Lowered
Where Will Symbotic Stock Be in 1 Year?
See More Headlines
Receive SYM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Symbotic and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/05/2024
Today
3/03/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
N/A
Current Symbol
NASDAQ:SYM
Fax
N/A
Employees
1,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.85
High Stock Price Target
$70.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+29.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-23,870,000.00
Pretax Margin
-11.77%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Book Value
$0.30 per share

Miscellaneous

Free Float
356,045,000
Market Cap
$23.62 billion
Optionable
Not Optionable
Beta
1.91
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Should I Buy Symbotic Stock? SYM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Symbotic was last updated on Friday, March 1, 2024 at 2:53 PM.

Pros

Here are some ways that investors could benefit from investing in Symbotic Inc.:

  • Symbotic Inc. provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. This can lead to cost savings and increased productivity for businesses.
  • The company offers modular inventory management systems that can help streamline operations and enhance inventory control for clients.
  • Recent developments in embedded software configuration by Symbotic Inc. showcase their commitment to innovation and staying ahead in the automation technology sector.
  • Investors may find the current stock price of Symbotic Inc. attractive for potential growth opportunities in the market.
  • Symbotic Inc.'s focus on automation can position them well in a rapidly evolving retail landscape, offering long-term growth potential for investors.

Cons

Investors should be bearish about investing in Symbotic Inc. for these reasons:

  • While Symbotic Inc. offers innovative solutions, the competitive nature of the automation technology industry may pose challenges in maintaining market share and profitability.
  • Fluctuations in the technology sector and potential disruptions in supply chains could impact Symbotic Inc.'s operations and financial performance.
  • Investing in a company like Symbotic Inc. requires a thorough understanding of the risks associated with emerging technologies and market dynamics.
  • Market volatility and economic uncertainties could affect investor sentiment towards Symbotic Inc. and its growth prospects.
  • It is essential for investors to conduct comprehensive research and due diligence before considering an investment in Symbotic Inc. to mitigate potential risks.














SYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYM shares.
View SYM analyst ratings
or view top-rated stocks.

What is Symbotic's stock price target for 2024?

13 Wall Street analysts have issued 1-year price objectives for Symbotic's stock. Their SYM share price targets range from $36.00 to $70.00. On average, they predict the company's stock price to reach $52.85 in the next twelve months. This suggests a possible upside of 29.1% 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 2024?

Symbotic's stock was trading at $51.33 on January 1st, 2024. Since then, SYM shares have decreased by 20.3% and is now trading at $40.93.
View the best growth stocks for 2024 here
.

Are investors shorting Symbotic?

Symbotic saw a drop in short interest in February. As of February 15th, there was short interest totaling 6,790,000 shares, a drop of 21.0% from the January 31st total of 8,590,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 32.1% of the shares of the stock are sold short.
View Symbotic's Short Interest
.

When is Symbotic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SYM earnings forecast
.

How were Symbotic's earnings last quarter?

Symbotic Inc. (NASDAQ:SYM) released its earnings results on Monday, February, 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $368.45 million for the quarter, compared to the consensus estimate of $370.28 million. Symbotic had a negative trailing twelve-month return on equity of 35.06% and a negative net margin of 1.39%.

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

Symbotic updated its second quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.0 million-$420.0 million, compared to the consensus revenue estimate of $403.4 million.

Who are Symbotic's major shareholders?

Symbotic's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.37%), 1832 Asset Management L.P. (0.19%), Voloridge Investment Management LLC (0.16%), Mirae Asset Global Investments Co. Ltd. (0.12%), Raymond James & Associates (0.10%) and First Trust Advisors LP (0.09%). Insiders that own company stock include Charles Kane, David A Ladensohn, Janet L Cohen, Michael David Dunn, Richard B Cohen, Rollin L Ford, Rollin L Ford, Svf Ii Spac Investment 3 (De), Thomas C Ernst Jr, Todd Krasnow 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SYM) was last updated on 3/3/2024 by MarketBeat.com Staff