Symbotic (SYM) Stock Forecast & Price Target

$38.78 +2.51 (+6.92%)

(As of 11/22/2024 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

Moderate Buy

Based on 14 Analyst Ratings

Sell
1

Hold
3

Buy
10

Based on 14 Wall Street analysts who have issued ratings for Symbotic in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a sell rating, 3 have given a hold rating, and 10 have given a buy rating for SYM.

Consensus Price Target

$44.31
14.24% Upside

According to the 14 analysts' twelve-month price targets for Symbotic, the average price target is $44.31. The highest price target for SYM is $60.00, while the lowest price target for SYM is $10.00. The average price target represents a forecasted upside of 14.24% from the current price of $38.79.

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SYM Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$44.31	$43.23	$43.23	$51.92
Forecasted Upside	14.24% Upside	51.26% Upside	85.06% Upside	0.96% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Symbotic Stock vs. The Competition

Type	Symbotic	Business Services Companies	S&P 500
Consensus Rating Score	2.64	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.24% Upside	346.25% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent SYM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	DA Davidson 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$47.00 ➝ $47.00	+20.45%
11/19/2024	BWS Financial 3 of 5 stars	H. Khorsand Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sell ➝ Sell	$10.00 ➝ $10.00	-74.87%
11/19/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$60.00 ➝ $60.00	+96.34%
11/19/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $48.00	+57.07%
11/19/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $46.00	+50.52%
11/19/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$50.00 ➝ $53.00	+73.43%
Get the Latest News and Ratings for SYM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Symbotic and its competitors with MarketBeat's FREE daily newsletter.
7/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$53.00 ➝ $41.00	+49.74%
7/31/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $30.00	+12.19%
7/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$58.00 ➝ $59.00	+115.80%
7/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$55.00 ➝ $43.00	+53.57%
7/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kaplowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$62.00 ➝ $49.00	+73.76%
7/30/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$54.00 ➝ $45.00	+54.48%
7/23/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mccarthy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$45.00	+16.40%
5/10/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
8/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$35.00 ➝ $65.00	+2.30%
6/29/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ 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 Saturday at 06:11 PM ET.

Should I Buy Symbotic Stock? SYM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Symbotic pros and cons to contact@marketbeat.com.

Symbotic
Bull Case

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

Symbotic Inc. has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance. The average rating is "Moderate Buy" with a consensus target price of $43.23, suggesting potential upside from the current stock price of $27.42.
The company has a significant market capitalization of $16.03 billion, which reflects its established presence and stability in the automation technology sector, particularly in warehouse operations.
Recent insider trading activity shows that key executives are still holding substantial shares in the company, which can be a positive signal about their confidence in the company's future prospects.
Symbotic Inc. is focused on developing advanced automation technologies for modern warehouses, which positions it well to benefit from the growing demand for efficiency in supply chain management.
Analysts have noted a potential for earnings improvement, with forecasts suggesting a move towards profitability in the coming years, which could enhance shareholder value.

Symbotic
Bear Case

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

The stock has experienced significant volatility, with a 52-week high of $59.82 and a low of $17.11, indicating potential risks associated with price fluctuations.
Some analysts have issued "sell" ratings, with one firm setting a target price as low as $10.00, reflecting concerns about the company's ability to meet growth expectations.
The company currently has a negative P/E ratio of -114.25, which suggests that it is not yet profitable and may face challenges in achieving positive earnings in the near term.
Insider sales have occurred recently, with key executives selling shares, which could raise concerns about their confidence in the company's short-term performance.
Market conditions and competition in the automation sector are rapidly evolving, which could impact Symbotic Inc.'s market share and growth potential.

SYM Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Symbotic is $44.31, with a high forecast of $60.00 and a low forecast of $10.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYM shares.
: According to analysts, Symbotic's stock has a predicted upside of 14.24% based on their 12-month stock forecasts.
: Symbotic has been rated by research analysts at BWS Financial, Cantor Fitzgerald, DA Davidson, KeyCorp, Needham & Company LLC, and Northland Securities in the past 90 days.
: Analysts like Symbotic less than other "business services" companies. The consensus rating score for Symbotic is 2.64 while the average consensus rating score for "business services" companies is 2.68. Learn more on how SYM compares to other companies.

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This page (NASDAQ:SYM) was last updated on 11/23/2024 by MarketBeat.com Staff

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Symbotic (SYM) Stock Forecast & Price Target