Symbotic Raises $358 Million Amid Stock Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 Jan 26
Source: NASDAQ.COM
Symbotic Inc.'s shares fell 5.03% as it crossed below the 5-day SMA, reflecting ongoing market concerns.
The company raised $358 million through a 10 million share sale at $55 each, despite holding nearly $1.25 billion in cash. This decision has raised questions about the necessity of the capital raise, especially after a 29% decline in December. However, management forecasts a 27% growth for the upcoming quarter, driven by the acquisition of its first healthcare client, which could diversify its revenue sources beyond its reliance on Walmart.
The implications of this capital raise and the recent stock decline may affect investor confidence, but the anticipated growth in revenue could provide a positive outlook for Symbotic's future.
Analyst Views on SYM
Wall Street analysts forecast SYM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SYM is 66.70 USD with a low forecast of 42.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
5 Hold
2 Sell
Moderate Buy
Current: 56.200
Low
42.00
Averages
66.70
High
83.00
Current: 56.200
Low
42.00
Averages
66.70
High
83.00
About SYM
Symbotic Inc. is an automation technology company reimagining the supply chain with its end-to-end, artificial intelligence (AI) powered robotic and software platform. It develops, commercializes, and deploys end-to-end technology solutions that improve supply chain operations. It automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The Symbotic platform is based on an approach to connecting producers of goods to end users in a way that resolves the mismatches of quantity, timing and location that arise between the two, while reducing costs. It utilizes fully autonomous robots, collectively controlled by its AI-enabled system software, to achieve at scale, real world supply chain improvements. It serves various industries: retail grocery, food wholesale, consumer packaged goods, retail general merchandise, footwear and apparel, and food and beverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
