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The latest update is out from Symbotic ( (SYM) ).
On January 28, 2025, Symbotic Inc. announced the completion of its acquisition of Walmart’s Advanced Systems and Robotics business and signed a Commercial Agreement with Walmart. The deal involves the development and deployment of automation systems for Accelerated Pickup and Delivery centers at Walmart stores, potentially increasing Symbotic’s future backlog by over $5 billion. The agreement includes Walmart’s commitment to purchase 400 APDs, with an option for 200 more, subject to performance metrics. The transaction is expected to expand Symbotic’s market reach by over $300 billion in the U.S., strengthening its position in the retail automation industry.
More about Symbotic
Symbotic Inc. is an automation technology leader specializing in A.I.-powered robotic and software platforms for supply chain optimization. It aims to transform warehouses into strategic assets for large-scale retail, wholesale, and food & beverage companies, enhancing the speed, agility, accuracy, and efficiency of goods distribution.
YTD Price Performance: 12.26%
Average Trading Volume: 2,775,687
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.44B
For an in-depth examination of SYM stock, go to TipRanks’ Stock Analysis page.
