Needham & Company LLC Reiterates “Buy” Rating for Symbotic (NASDAQ:SYM)

Symbotic (NASDAQ:SYM)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $75.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 86.66% from the stock’s current price.

SYM has been the topic of a number of other reports. The Goldman Sachs Group decreased their target price on Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. DA Davidson reissued a “buy” rating and set a $70.00 price objective on shares of Symbotic in a report on Monday, May 11th. Zacks Research cut shares of Symbotic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings downgraded shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.92.

Symbotic Trading Up 1.5%

Symbotic stock opened at $40.18 on Thursday. Symbotic has a 1-year low of $38.19 and a 1-year high of $87.88. The firm has a market capitalization of $24.22 billion, a PE ratio of 446.44, a price-to-earnings-growth ratio of 5.84 and a beta of 1.94. The firm’s 50 day simple moving average is $42.71 and its 200 day simple moving average is $50.63.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $720.84 million during the quarter, compared to the consensus estimate of $715.03 million. Symbotic had a net margin of 0.48% and a return on equity of 1.53%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. Research analysts forecast that Symbotic will post 0.23 earnings per share for the current year.

Insider Transactions at Symbotic

In other news, Director Todd Krasnow sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $45.27, for a total transaction of $90,540.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Izilda P. Martins sold 27,463 shares of Symbotic stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $40.80, for a total value of $1,120,490.40. Following the completion of the transaction, the chief financial officer owned 35,171 shares in the company, valued at approximately $1,434,976.80. This represents a 43.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 143,433 shares of company stock worth $6,627,326. Corporate insiders own 8.16% of the company’s stock.

Hedge Funds Weigh In On Symbotic

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Symbotic by 47.6% in the fourth quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock worth $412,463,000 after purchasing an additional 2,237,137 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Symbotic by 51,346.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,174,372 shares of the company’s stock worth $129,375,000 after buying an additional 2,178,615 shares during the period. Morgan Stanley lifted its holdings in Symbotic by 85.4% in the 4th quarter. Morgan Stanley now owns 2,530,874 shares of the company’s stock worth $150,587,000 after buying an additional 1,165,513 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Symbotic in the 4th quarter worth approximately $63,034,000. Finally, Marshall Wace LLP bought a new stake in shares of Symbotic in the 4th quarter worth approximately $33,997,000.

More Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported fiscal third-quarter revenue of $720.8 million, up 21.7% year over year and ahead of the $715.0 million consensus estimate. Net income reached approximately $11.7 million, compared with a loss in the year-ago period, while adjusted EBITDA more than doubled. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management projected fourth-quarter revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million. The outlook supports expectations for continued expansion, margin improvement and stronger financial inflection points in fiscal 2027.
• Positive Sentiment: Oppenheimer initiated or reiterated a “Buy” view on SYM, while Needham reaffirmed its “Buy” rating with a $75 price target, implying substantial upside from recent trading levels. Zacks Research also upgraded the stock from “Strong Sell” to “Hold,” reducing some of the recent negative analyst pressure. Symbotic Receives a Buy from Oppenheimer
• Neutral Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding strategic and financial expertise as the company expands its AI-enabled warehouse robotics business.
• Neutral Sentiment: Symbotic’s earnings call emphasized margin gains, a broader product portfolio and expected growth in fiscal 2027 and early 2028. However, the Walmart SymMicro implementation timeline extends into early 2028, leaving investors focused on customer concentration and execution.
• Negative Sentiment: Third-quarter adjusted EPS was $0.09, below analyst expectations of roughly $0.12-$0.13. The miss highlights that profitability remains relatively thin despite strong revenue growth and may limit the stock’s upside given its elevated valuation.
• Negative Sentiment: CFO Izilda Martins sold 27,463 shares to cover tax withholding obligations related to vested equity awards, while directors Charles Kane and Todd Krasnow each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The transactions appear limited in signaling value but could modestly weigh on sentiment.

About Symbotic

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.