Count Symbotic (NASDAQ:SYM) among those companies enjoying the spoils of the AI race, as its share price has surged to gains of some 145% year-to-date.
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Symbotic’s AI-enabled robotic systems help companies manage large warehouses of goods, and the business has certainly been growing. Its $592 million in sales represented a 26% year-over-year increase, and the company counts a number of leading retailers – including Walmart – among its customers.
Moreover, during its Q3 earnings call in early August, Symbotic pointed to a a total backlog of $22.4 billion. In addition, the company is also eyeing a TAM in the hundreds of billions of dollars, indicating plenty of runway for future gains.
And yet, as concerns of an AI bubble began to percolate, dropping share prices throughout the AI ecosystem spread throughout the market. SYM hasn’t been spared, and its share price has dropped by ~13% during the last five days.
Top investor George Budwell spots an opportunity to cash in on this dip.
“This sell-off creates an opportunity for bargain hunters willing to look past near-term volatility,” exclaims the 5-star investor, who is among the top 2% of stock pros covered by TipRanks. “The market just handed patient investors a gift.”
Budwell is encouraged by SYM’s improving top- and bottom-lines. In addition to the increasing sales figures, adjusted EBITDA grew to $45 million in Q3 2025 – up from $15 million in Q3 2024.
The investor saves his highest levels of excitement for SYM’s massive backlog. Beyond the $22.4 billion figure, Budwell points out that much of Symbotic’s backlog is tied to long-term rollouts with Walmart and GreenBox. This suggests a steady source of dependable revenue streams, and aligns SYM with the growing trends of accelerating e-commerce fulfillment and efforts to save on labor costs.
Moreover, the investor contends that the recent selloff wasn’t due to any decrease in demand, but rather near-term worries about customer concentration, execution, and weak guidance.
“The sell-off creates an entry point for a company already operating at a meaningful scale with many years of contracted work ahead,” sums up Budwell. (To watch George Budwell’s track record, click here)
Wall Street is a bit torn when it comes to SYM. With 3 Buys, 3 Holds, and 1 Sell, SYM carries a Moderate Buy consensus rating. Its 12-month average price target of $52.14 points to a downside of ~10%. (See SYM stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.