Symbotic Inc stock hits 52-week high at 41.83 USD

Published 02/07/2025, 15:56
Symbotic Inc stock hits 52-week high at 41.83 USD

Symbotic Inc (NASDAQ:SYM)’s stock reached a new 52-week high, peaking at 41.83 USD, pushing the $24.26 billion company’s valuation near its InvestingPro Fair Value estimate. This milestone reflects a significant performance improvement, with impressive gains including a 13.66% surge in the past week and a substantial 60.58% increase over the last six months. The company’s stock has shown remarkable momentum, though technical indicators suggest overbought conditions. According to InvestingPro, which offers 14 additional investment insights for this stock, analyst targets range from $10 to $60 per share, reflecting the stock’s high volatility. This achievement marks a noteworthy moment for Symbotic Inc, as it navigates a competitive market landscape with strong revenue growth of 42.16% over the last twelve months. Discover comprehensive analysis and detailed metrics in the Pro Research Report, available exclusively on InvestingPro.

In other recent news, Symbotic Inc. reported impressive financial results for the second quarter of 2025, with revenue reaching $550 million, surpassing the forecast of $522.43 million. Despite a net loss of $21 million, the company showed a significant improvement from the previous year’s loss of $55 million, driven by a 162% surge in software revenue. Symbotic’s performance highlights its focus on expanding product offerings and improving operational efficiencies. Additionally, TD Cowen reaffirmed its Buy rating for Symbotic, with a price target of $45, following productive European investor meetings. The analyst firm expressed confidence in Symbotic’s alignment with popular investment themes like robotics and automation. The company’s business model, emphasizing hardware for automation, is noted for having higher "value add gross margins." Symbotic also provided guidance for the third quarter, expecting revenue between $520 million and $540 million. The company continues to focus on enhancing deployment efficiency and exploring new market opportunities.

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