SYM Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Symbotic Inc (SYM) is currently trading at $22.22 as of 2025-03-10. Based on the technical indicators:
- RSI (14): 42.76, indicating the stock is in bearish territory but not yet oversold.
- MACD: The MACD line (-1.59) is below the signal line, suggesting downward momentum.
- Stochastic Oscillator: The %K (30.88) is below the %D (24.15), indicating bearish momentum.
- Bollinger Bands: The stock is trading near the lower band, suggesting potential volatility.
Fibonacci Levels:
- Pivot Point: $22.59
- Resistance Levels: $24.50, $25.68
- Support Levels: $20.67, $19.49
News Sentiment:
Recent news indicates mixed sentiment for SYM:
- The stock has faced downward pressure due to disappointing Q1 earnings and revenue guidance.
- Raymond James downgraded SYM to Market Perform, citing concerns over deployment pace and backlog.
- However, Oppenheimer maintains an Outperform rating, highlighting gross margin improvement and software revenue growth.
Prediction and Recommendation:
Based on the technical indicators and news sentiment, SYM is expected to face continued selling pressure. The stock is likely to test the lower support level of $20.67 in the next trading week.
Price Target: $20.67
Recommendation: Sell
SYM Similar Chart Price Prediction
The price of SYM is predicted to go up 11.05%, based on the high correlation periods with STTK. The similarity of these two price pattern on the periods is 96.72%.
SYM
STTK
Up: 11.05%Similarity: 96.72%
SYM Revenue Forecast
SYM EPS Forecast
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SYM Analyst's Forecast
Colin Rusch
Oppenheimer
Buy
2025-01-15
Price Target
$35
Upside
+9.99%
Oppenheimer initiated coverage of Symbotic with an Outperform rating and $35 price target. The firm sees the company "disrupting" the warehouse and distribution center market with artificial intelligence-driven automation that has the potential to reshape the fulfillment supply chain. Symbotic is a leading automated warehouse system that leverages vertical integration into a large opportunity, the analyst tells investors in a research note. Opco says that while Symbotic's backlog supports growth through fiscal 2028, customer concentration is a risk.
Andrew Kaplowitz
Citigroup
Strong Buy
2025-01-13
Price Target
$37
Upside
+51.21%
Matt Summerville
DA Davidson
Hold → Strong Buy
2025-01-08
Price Target
$35
Upside
+32.33%
