Symbotic (NASDAQ:SYM) Price Target Increased to $21.00 by Analysts at Needham & Company LLC

Symbotic (NASDAQ:SYMGet Rating) had its price target hoisted by Needham & Company LLC from $18.00 to $21.00 in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other research firms have also issued reports on SYM. The Goldman Sachs Group began coverage on shares of Symbotic in a report on Monday, July 25th. They issued a neutral rating and a $19.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Symbotic in a report on Wednesday, July 20th. They set an overweight rating and a $24.00 price objective on the stock. Cowen assumed coverage on shares of Symbotic in a report on Tuesday, June 21st. They set an outperform rating and a $18.00 price objective on the stock. William Blair assumed coverage on shares of Symbotic in a report on Friday, July 15th. They set an outperform rating on the stock. Finally, Robert W. Baird increased their price objective on shares of Symbotic from $18.00 to $20.00 and gave the stock an outperform rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Symbotic currently has an average rating of Moderate Buy and a consensus target price of $20.60.

Symbotic Stock Performance

NASDAQ:SYM opened at $16.22 on Tuesday. The company has a 50-day moving average price of $16.08. Symbotic has a 12-month low of $9.01 and a 12-month high of $28.48.

Symbotic Company Profile

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Symbotic (NASDAQ:SYM)

Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter.