Symbotic (NASDAQ:SYM) Trading 4.3% Higher

Symbotic Inc. (NASDAQ:SYMGet Rating) traded up 4.3% during trading on Friday . The company traded as high as $19.30 and last traded at $19.25. 1,635 shares were traded during trading, a decline of 100% from the average session volume of 339,846 shares. The stock had previously closed at $18.46.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Symbotic in a research report on Wednesday. They set an “overweight” rating and a $24.00 target price for the company. Robert W. Baird assumed coverage on Symbotic in a research report on Thursday, June 23rd. They set an “outperform” rating and a $18.00 target price for the company. Raymond James assumed coverage on Symbotic in a research report on Tuesday, July 5th. They set an “outperform” rating and a $18.00 target price for the company. Citigroup assumed coverage on Symbotic in a research report on Friday, July 1st. They set a “buy” rating for the company. Finally, Cowen assumed coverage on Symbotic in a report on Tuesday, June 21st. They set an “outperform” rating and a $18.00 price target on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Symbotic Price Performance

About Symbotic

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Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

Further Reading

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