Stock Price & Analysis

Based on the recent data and market activity, SYM stock is facing significant headwinds with Raymond James downgrading it to Hold and ongoing concerns about accounting irregularities, suggesting investors should avoid buying at current levels.

Based on the provided data and recent events, here is the price prediction for SYM stock in 2025:

SYM stock is expected to reach $32-34 by end of 2025, driven by the company's expanding automation technology business despite recent accounting concerns. The stock has shown strong technical support at the Fibonacci pivot level of $28.55 and resistance at $32.14, suggesting potential upside momentum. Recent Q1 revenue miss and lowered Q2 guidance may create near-term pressure, but the company's core business in warehouse automation remains fundamentally sound.

The S1 support level for SYM Stock is $26.34 ,The R1 resistant level for SYM Stock is $30.77.

As of the end of day on 2025-02-11, the price of SYM Stock was $29.1.

The target price for SYM Stock according to analyst rating is 36.83, with the highest price target at 60.00 and the lowest at 10.00. Analysts have a Moderate Buy rating on SYM Stock overall.

The market cap of SYM is $17.1B.

Based on the provided data, I'll analyze whether SYM is overvalued in 5 concise sentences.

Symbotic (SYM) is currently trading at $28.18 with concerning accounting issues, as the company recently restated its financial statements for three fiscal 2024 quarters due to revenue recognition errors related to unbillable cost overruns. The company's Q1 revenue of $486.7 million missed consensus estimates of $489.7 million, and its Q2 guidance of $510-530 million also fell short of expectations. Raymond James recently downgraded SYM to Hold citing these accounting concerns, while other analysts like Cantor Fitzgerald maintain a Buy rating with a $60 price target, showing mixed sentiment. The stock has declined significantly from its recent highs, with multiple class action lawsuits pending regarding the accounting restatements. Given the accounting uncertainties, mixed analyst opinions, and pending legal issues, the stock appears fairly valued at current levels until there is more clarity on the accounting situation and business execution.

Symbotic Inc. is an automation technology company reimagining the supply chain with its end-to-end, artificial intelligence (AI) powered robotic and software platform. The Company is engaged in developing, commercializing, and deploying 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, including retail grocery, retail general merchandise, food wholesale, footwear and apparel, consumer packaged goods and food and beverage.

Based on the provided data and recent news, here's a price prediction analysis for SYM stock by 2030:

SYM stock is projected to reach $85-95 by 2030, driven by the company's strong position in automation technology and strategic acquisitions like Walmart's Advanced Systems and Robotics business. However, recent accounting issues and internal control weaknesses revealed in 2024 suggest potential volatility in the near term, making this a relatively conservative long-term target. The automation industry's growth trajectory and Symbotic's technology leadership under CEO Rick Cohen's direction support this upward price movement.

SYM has a total of 1300 employees.