Symbotic (NASDAQ:SYM) Given New $20.00 Price Target at Northland Securities

Symbotic (NASDAQ:SYMGet Rating) had its price target lifted by Northland Securities from $16.00 to $20.00 in a research note released on Tuesday, The Fly reports.

A number of other equities analysts have also recently issued reports on SYM. Deutsche Bank Aktiengesellschaft initiated coverage on Symbotic in a report on Thursday, June 23rd. They issued a buy rating and a $19.00 target price on the stock. Needham & Company LLC lifted their target price on Symbotic from $18.00 to $21.00 and gave the stock a buy rating in a report on Tuesday. Cantor Fitzgerald initiated coverage on Symbotic in a report on Wednesday, July 20th. They issued an overweight rating and a $24.00 target price on the stock. Citigroup initiated coverage on Symbotic in a report on Friday, July 1st. They issued a buy rating on the stock. Finally, The Goldman Sachs Group initiated coverage on Symbotic in a report on Monday, July 25th. They issued a neutral rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $20.60.

Symbotic Stock Performance

Shares of SYM stock opened at $16.22 on Tuesday. Symbotic has a 1 year low of $9.01 and a 1 year high of $28.48. The firm’s fifty day moving average price is $16.08.

About Symbotic

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Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

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