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Investing.com - Baird has raised its price target on Symbotic Inc. (NASDAQ:SYM) to $58.00 from $55.00 while maintaining a Neutral rating on the stock. The automation company’s shares are currently trading at $83.28, significantly above Baird’s target, after surging from $55.46 at previous close.
The price target increase follows Symbotic’s fourth-quarter fiscal performance, which showed improvement across several metrics. The company also provided an outlook for the first quarter and first half that aligned with Baird’s expected trajectory. Symbotic has demonstrated strong revenue growth of 25.65% in the last twelve months, with analysts forecasting EPS of $2.29 for fiscal year 2026.
Baird noted the stock’s significant reaction, jumping 35% compared to the S&P 500’s 1% gain, which the firm described as "a bit odd" given that its estimates for the next 24 months remained largely unchanged.
The research firm continues to see substantial automation opportunity for Symbotic and acknowledges the company’s ongoing system optimizations to enhance customer value. InvestingPro data reveals that 4 analysts have recently revised their earnings upwards for the upcoming period, with expectations that Symbotic will become profitable this year after not being profitable over the last twelve months.
The new price target is based on modestly higher fiscal year 2027 estimates and target enterprise value to sales ratio, according to Baird. For deeper insights into Symbotic’s financial health and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro, which offers expert analysis on this and 1,400+ other US equities.
In other recent news, Symbotic Inc. reported its fourth-quarter earnings for fiscal year 2025, revealing a significant miss on earnings per share (EPS) expectations, with an EPS of -$0.03 compared to the anticipated $0.05. However, the company’s revenue reached $618 million, surpassing the forecast of $604.37 million. The revenue performance exceeded both DA Davidson’s estimate by $10 million and consensus expectations by $14 million. Following the earnings report, DA Davidson maintained its Neutral rating with a $47.00 price target, while Needham raised its price target to $70.00, citing strong revenue growth and adjusted EBITDA. Cantor Fitzgerald increased its price target to $82.00, highlighting the company’s successful deployment of 10 new systems and the activation of 6 systems despite a strategic slowdown in deployments. Oppenheimer reiterated its Outperform rating with an $83.00 price target, emphasizing Symbotic’s expanding customer base and diversity in end markets. These developments reflect a positive outlook from analysts, despite the EPS miss, with a focus on the company’s revenue achievements and strategic initiatives.
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