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Symbotic Inc stock reached a remarkable milestone, hitting an all-time high of 84.1 USD, with the price settling at 84.21 USD. This new peak underscores the company’s impressive growth trajectory, with a staggering 43.24% gain just last week and a 225.98% surge year-to-date. The stock has experienced a significant 1-year change, soaring by 241.74%, which highlights the robust investor confidence and strong market performance.According to InvestingPro, Symbotic currently trades slightly below its Fair Value, with an overall financial health rating of "GREAT." This surge can be attributed to various factors, including strategic business developments and favorable market conditions, which have propelled Symbotic Inc to this unprecedented level. InvestingPro Tips indicate the company holds more cash than debt and analysts expect profitability this year. Discover 13 more exclusive insights and access the comprehensive Pro Research Report, part of the in-depth analysis available for 1,400+ US equities on InvestingPro.
In other recent news, Symbotic Inc. reported strong fiscal fourth-quarter results, with revenues increasing by 10% year-over-year, surpassing both guidance and consensus estimates of 7% growth. The company also exceeded analyst expectations for adjusted EBITDA and gross profit margin. Analysts have responded positively to these results, with Needham raising its price target to $70 and maintaining a Buy rating. Cantor Fitzgerald also increased its price target to $82, citing the company’s successful system deployments and preparation for its next-generation storage structure launch. Baird adjusted its price target to $58 from $55, maintaining a Neutral rating, while DA Davidson reiterated a Neutral rating with a $47 price target. Oppenheimer maintained an Outperform rating with an $83 price target, pointing out Symbotic’s new customer wins and expanding market reach. These developments reflect the company’s strong performance and positive outlook among analysts.
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