According to Fintel, Needham has upheld their coverage of Symbotic Inc – (NASDAQ:SYM) as a Buy recommendation on May 24, 2023.
The analyst’s price forecast indicates a potential downside of 45.52%
As of March 27, 2023, the average one-year price target for Symbotic Inc – is 17.54, with forecasts ranging from a low of 15.15 to a high of $19.95. The average price target represents a decrease of 45.52% from the latest reported closing price of 32.20.
Check out our leaderboard of companies with the largest price target upside.
Projected annual revenue for Symbotic Inc – is 946MM, an increase of 5.91%. The projected annual non-GAAP EPS is -0.07.
What is the Fund Sentiment?
There are 122 funds or institutions reporting positions in Symbotic Inc -. This is an increase of 47 owner(s) or 62.67% in the last quarter. The average portfolio weight of all funds dedicated to SYM is 0.64%, which represents a decrease of 4.57%. Total shares owned by institutions have increased in the last three months by 59.50% to 60,361K shares. The put/call ratio of SYM is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
Softbank Group holds 22,000K shares, which represent 35.80% ownership of the company. In its prior filing, the firm reported owning 2,000K shares, representing an increase of 90.91%. The firm increased its portfolio allocation in SYM by 1,706.65% over the last quarter.
SB Global Advisors holds 20,000K shares, representing 32.55% ownership of the company. There has been no change in the last quarter.
SVF Sponsor III holds 9,090K shares that represent 14.79% ownership of the company. There has been no change in the last quarter.
Frontier Capital Management Co holds 1,041K shares, representing 1.69% ownership of the company. In its prior filing, the firm reported owning 344K shares, representing an increase of 66.92%. The firm increased its portfolio allocation in SYM by 449.07% over the last quarter.
Navis Wealth Advisors holds 914K shares, representing 1.49% ownership of the company. In its prior filing, the firm reported owning 755K shares, representing an increase of 17.39%. The firm increased its portfolio allocation in SYM by 178,697.24% over the last quarter.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
