S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
66,000% upside on tiny biotech? (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
66,000% upside on tiny biotech? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
66,000% upside on tiny biotech? (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
66,000% upside on tiny biotech? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
66,000% upside on tiny biotech? (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
66,000% upside on tiny biotech? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
66,000% upside on tiny biotech? (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
66,000% upside on tiny biotech? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift

Symbotic (SYM) Stock Price, News & Analysis

$40.89
-0.78 (-1.87%)
(As of 02/21/2024 ET)
Today's Range
$40.31
$42.52
50-Day Range
$37.91
$57.00
52-Week Range
$14.14
$64.14
Volume
950,388 shs
Average Volume
1.98 million shs
Market Capitalization
$23.60 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
29.2% Upside
$52.85 Price Target
Short Interest
Healthy
45.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Symbotic in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$24.29 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.

3.65 out of 5 stars

Business Services Sector

93rd out of 306 stocks

General Industrial Machinery, Industry

2nd 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."
3 AI Stocks to Turn $10,000 Into $1 Million: February 2024
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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?
Where Will Symbotic Stock Be in 1 Year?
Peering Into Symbotic's Recent Short Interest
Why Symbotic Stock Is Plunging Today
These Analysts Cut Their Forecasts On Symbotic After Q1 Results
Recap: Symbotic Q1 Earnings
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
11/20/2023
Today
2/21/2024
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
+29.2%
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
$23.60 billion
Optionable
Not Optionable
Beta
2.02
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

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 Tuesday, February 20, 2024 at 2:40 PM.

Pros

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

  • Symbotic Inc. provides automation technology that improves efficiency for retailers and wholesalers, which can lead to cost savings and increased productivity.
  • The company offers modular inventory management systems that can streamline operations and enhance supply chain management.
  • Symbotic Inc. specializes in robotics and technology, which are key areas of growth in the current market landscape.
  • Recent developments in embedded software configuration by Symbotic Inc. showcase their commitment to innovation and staying ahead of the competition.
  • Investors may find the current stock price of Symbotic Inc. attractive for potential gains in the future.

Cons

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

  • Symbotic Inc. faces competition in the automation technology sector, which could impact their market share and profitability.
  • The company's focus on robotics and technology may also pose risks related to rapid technological advancements and changing consumer preferences.
  • Investing in Symbotic Inc. involves inherent market risks that are associated with the technology industry, such as regulatory changes and economic downturns.
  • While Symbotic Inc. has shown innovation in embedded software configuration, there may be challenges in scaling these solutions to meet market demands.
  • Investors should carefully evaluate the overall market conditions and company performance before making investment decisions in Symbotic Inc.














SYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

13 Wall Street 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 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 analysts have issued 1 year target prices for Symbotic's shares. Their SYM share price targets range from $36.00 to $70.00. On average, they expect the company's stock price to reach $52.85 in the next twelve months. This suggests a possible upside of 29.2% 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 at the beginning of 2024. Since then, SYM stock has decreased by 20.3% and is now trading at $40.89.
View the best growth stocks for 2024 here
.

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) issued its earnings results on Monday, November, 20th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.02. The business earned $391.89 million during the quarter, compared to analysts' expectations of $306.89 million. Symbotic had a negative net margin of 1.39% and a negative trailing twelve-month return on equity of 35.06%. The firm's quarterly revenue was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share.

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 (EPS) 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 a number of 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, 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 2/22/2024 by MarketBeat.com Staff