Symbotic (SYM) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SYM shares.
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12 equities research analysts have issued 12-month price targets for Symbotic's shares. Their SYM share price forecasts range from $14.00 to $36.00. On average, they anticipate the company's share price to reach $28.77 in the next year. This suggests that the stock has a possible downside of 14.0%.
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Symbotic's stock was trading at $11.94 at the beginning of the year. Since then, SYM stock has increased by 180.1% and is now trading at $33.44.
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Symbotic saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,380,000 shares, an increase of 21.1% from the April 30th total of 2,790,000 shares. Based on an average daily volume of 642,100 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our SYM earnings forecast.

Symbotic Inc. (NASDAQ:SYM) released its earnings results on Monday, May, 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.04. The business earned $266.85 million during the quarter, compared to the consensus estimate of $224.82 million. Symbotic had a negative trailing twelve-month return on equity of 78.17% and a negative net margin of 2.26%. Symbotic's revenue for the quarter was up 177.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($5.61) EPS.

ETFs with the largest weight of Symbotic (NASDAQ:SYM) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), ROBO Global Robotics & Automation ETF (ROBO), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), First Trust US Equity Opportunities ETF (FPX).AAM Transformers ETF (TRFM),

Symbotic issued an update on its third quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $245.00 million-$265.00 million, compared to the consensus revenue estimate of $253.93 million.

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

Symbotic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Softbank Group CORP. (3.96%), Frontier Capital Management Co. LLC (0.19%), Navis Wealth Advisors LLC (0.16%), Exchange Traded Concepts LLC (0.11%), Mirae Asset Global Investments Co. Ltd. (0.10%) and BlackRock Inc. (0.09%). Insiders that own company stock include Michael David Dunn and Rollin L Ford.
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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.
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One share of SYM stock can currently be purchased for approximately $33.44.

Symbotic (NASDAQ:SYM) has a market capitalization of $18.57 billion and generates $593.31 million in revenue each year. The company earns $-79,000,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.

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.