Symbotic (SYM)

• Market cap: $2.55B
• 1 day: 4.12%
• 5 days: -10.45%
• 1 month: -33.93%
• 3 months: -4.69%
• 6 months: -29.46%
• Year to date: -51.72%
• 1 year: -53.06%
• 5 years: 19.53%
• 10 years: 19.53%
• Sector: Industrials
• Industry: General Industrial Machinery & Equipment, Not Elsewhere Classified

About: Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys end-to-end technology solutions that dramatically improve supply chain operations. Th company also 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 company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.

Employees: 1,650

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

54% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 52

11% less funds holding

Funds holding: 236 [Q2] → 209 (-27) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

35.84% less ownership

Funds ownership: 120.06% [Q2] → 84.22% (-35.84%) [Q3]

40% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 68

51% less capital invested

Capital invested by funds: $4.31B [Q2] → $2.13B (-$2.18B) [Q3]

61% less call options, than puts

Call options by funds: $71.7M | Put options by funds: $184M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 58% downside
• Avg. target: $39 61% upside
• High target: $60 150% upside

7 analyst ratings

• positive: 4 57%
• neutral: 2 29%
• negative: 1 14%

Goldman Sachs Mark Delaney 58% 1-year accuracy 18 / 31 met price target	17% upside $28	Neutral Maintained	4 Dec 2024
Needham James Ricchiuti 59% 1-year accuracy 64 / 109 met price target	46% upside $35	Buy Maintained	27 Nov 2024
DA Davidson Matt Summerville 53% 1-year accuracy 17 / 32 met price target	46% upside $35	Neutral Downgraded	27 Nov 2024
TD Cowen Joseph Giordano 54% 1-year accuracy 14 / 26 met price target	108% upside $50	Buy Maintained	26 Nov 2024
BWS Financial Hamed Khorsand 69% 1-year accuracy 112 / 162 met price target	58% downside $10	Sell Maintained	19 Nov 2024