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Symbotic (SYM) Stock Forecast & Price Target

$38.40
+0.53 (+1.40%)
(As of 07/12/2024 ET)

Symbotic - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$56.67
47.57% Upside
High Forecast$70.00
Average Forecast$56.67
Low Forecast$40.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$56.67$55.69$54.00$34.64
Forecasted Upside47.57% Upside18.67% Upside13.64% Upside27.41% Upside
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SYM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SYM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Symbotic Stock vs. The Competition

TypeSymboticBusiness Services CompaniesS&P 500
Consensus Rating Score
2.85
2.64
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside47.57% Upside141.47% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$46.00 ➝ $40.00+11.58%
5/10/2024William Blair
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 Reiterated RatingMarket Perform
5/8/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$55.00 ➝ $60.00+24.82%
5/7/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$57.00 ➝ $58.00+23.64%
5/7/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$52.00 ➝ $53.00+26.37%
5/7/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$54.00+28.76%
4/10/2024Northland Securities
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 Boost TargetOutperform ➝ Outperform$55.00 ➝ $60.00+32.98%
2/7/2024DA Davidson
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 UpgradeNeutral ➝ Buy$50.00+31.89%
2/6/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$60.00+42.79%
2/6/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$63.00 ➝ $55.00+10.89%
8/7/2023TD Cowen
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 Boost TargetOutperform ➝ Outperform$33.00 ➝ $55.00+0.97%
8/2/2023Citigroup
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 Boost TargetBuy ➝ Buy$52.00 ➝ $70.00+21.51%
8/1/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$35.00 ➝ $65.00+2.30%
6/29/2023UBS Group
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 DowngradeBuy ➝ Neutral$34.00 ➝ $40.00-4.40%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:29 AM ET.

SYM Forecast - Frequently Asked Questions

What is Symbotic's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Symbotic is $56.67, with a high forecast of $70.00 and a low forecast of $40.00.

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 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYM shares.

Does Symbotic's stock price have much upside?

According to analysts, Symbotic's stock has a predicted upside of 20.36% based on their 12-month stock forecasts.

What analysts cover Symbotic?

Symbotic has been rated by research analysts at Craig Hallum, Deutsche Bank Aktiengesellschaft, Needham & Company LLC, Robert W. Baird, The Goldman Sachs Group, and William Blair in the past 90 days.

Do Wall Street analysts like Symbotic more than its competitors?

Analysts like Symbotic more than other "business services" companies. The consensus rating score for Symbotic is 2.85 while the average consensus rating score for "business services" companies is 2.64. Learn more on how SYM compares to other companies.


This page (NASDAQ:SYM) was last updated on 7/14/2024 by MarketBeat.com Staff

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