BUZZ-D.A. Davidson raises Symbotic PT; shares rise

Reuters12-22 19:36
BUZZ-D.A. Davidson raises Symbotic PT; shares rise

** Warehouse robotics maker Symbotic's SYM.O shares rise 2.9% to $60.70 premarket

** D.A. Davidson raises PT on SYM to $53 from $47

** Brokerage raises FY26, FY27 revenue projections for co on stronger start to 2026

** Says new features will enable faster assembly and easier installation, improving scalability and deployment speed

** Anticipates organic growth reaccelerating in FY27 as customer adoption grows

** Still, SYM will experience some revenue deceleration during FY26, says brokerage

** New price target marks a 10% discount to SYM's last close of $59

** Co shares reached record high on November 26 after upbeat Q4 results

** Eight of 20 brokerages rate the stock "buy" or higher, 9 "hold" and 3 "sell"; their median PT is $60.5 - LSEG data

** As of last close, stock has more than doubled YTD

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment