Symbotic (SYM) Stock Forecast & Price Target

$25.52

+0.39 (+1.55%)

(As of 09/27/2024 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

$43.23
69.40% Upside

According to the 14 analysts' twelve-month price targets for Symbotic, the average price target is $43.23. 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 69.40% from the current price of $25.52.

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SYM Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
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)	11 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$43.23	$43.23	$57.00	$49.00
Forecasted Upside	69.40% Upside	125.16% Upside	60.65% Upside	46.57% 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	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	69.40% Upside	303.06% Upside	6.16% Upside
News Sentiment Rating	Neutral 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
9/27/2024	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	-61.36%
7/31/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$53.00 ➝ $41.00	+49.74%
7/31/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $30.00	+12.19%
7/30/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$55.00 ➝ $40.00	+46.31%
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	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$60.00 ➝ $50.00	+78.57%
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.
7/30/2024	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	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$60.00 ➝ $60.00	+105.97%
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%
7/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$54.00 ➝ $40.00	+12.26%
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
2/7/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$50.00	+31.89%
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 Sunday at 05:29 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 Saturday, September 21, 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. stock price has shown resilience, trading up 2.1% recently, indicating potential growth.
Symbotic Inc. has a positive return on equity of 4.08%, which is a good indicator of financial health and efficiency.
The company's revenue has been consistently increasing, up by 57.7% compared to the same quarter last year, showing strong growth potential.
Symbotic Inc. has a market capitalization of $14.64 billion, reflecting its size and stability in the market.
Despite recent fluctuations, Symbotic Inc. has a consensus rating of "Moderate Buy" from analysts, suggesting positive sentiment towards the stock.

Symbotic
Bear Case

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

Symbotic Inc. stock price experienced a 2.1% decline recently, indicating potential volatility in the market.
The company has a negative net margin of 1.03%, which could raise concerns about profitability and operational efficiency.
Analysts have lowered price targets for Symbotic Inc., indicating potential challenges or uncertainties in the company's future performance.
The P/E ratio of Symbotic Inc. is -104.16, which may suggest overvaluation or market skepticism towards the stock.
With a beta of 1.81, Symbotic Inc. is considered to be more volatile compared to the market average, posing risks for investors.

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 $43.23, 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 year. 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 69.40% based on their 12-month stock forecasts.
: Symbotic has been rated by research analysts at BWS Financial, Cantor Fitzgerald, Citigroup, Craig Hallum, Deutsche Bank Aktiengesellschaft, KeyCorp, Needham & Company LLC, Northland Securities, Robert W. Baird, TD Cowen, The Goldman Sachs Group, and Vertical Research 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 2.66. Learn more on how SYM compares to other companies.