Barclays raised the firm’s price target on Symbotic (SYM) to $41 from $38 and keeps an Underweight rating on the shares following the fiscal Q4 report. The company’s new customer win is a positive, but two more GreenBox joint venture starts makes five in deployment with no customers, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYM:
- Why Symbotic (SYM) Stock Jumped 39% Today and What Michael Latimore Sees Ahead
- Symbotic Inc. Earnings Call Highlights Growth and Expansion
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Symbotic downgraded to Neutral from Buy at Northcoast
- Symbotic Stock Rockets 40% on Earnings Beat as Analyst Says ‘Revenue Growth Expectations Are Improving’