Symbotic Has ‘Plenty’ of Catalysts Ahead, So Why Is This Analyst Slashing the Price Target?
Needham keeps Symbotic at Buy but cuts PT to $60, citing share price underperformance. Catalysts include new customers, backlog repricing.
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Symbotic Q3 EPS $0.09 Beats $0.08 Estimate, Sales $720.838M Beat $715.141M Estimate
Symbotic (NASDAQ:SYM) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. This is a 280 percent increase over losses of $(0.05) per share from the same
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Needham Maintains Buy on Symbotic, Lowers Price Target to $60
Needham analyst Robert Jamieson maintains Symbotic (NASDAQ:SYM) with a Buy and lowers the price target from $75 to $60.
Barclays Maintains Underweight on Symbotic, Lowers Price Target to $38
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