Symbotic (SYM)

• Market cap: $3.17B
• 1 day: -6.47%
• 5 days: 17.54%
• 1 month: 16.57%
• 3 months: 1.29%
• 6 months: -24.92%
• Year to date: 20.44%
• 1 year: -26.39%
• 5 years: 48.28%
• 10 years: 48.28%
• 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: 120.08% [Q2] → 84.23% (-35.84%) [Q3]

38% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 66

51% less capital invested

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

72% less call options, than puts

Call options by funds: $73.4M | Put options by funds: $262M

Research analyst outlook

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

• Low target: $10 66% downside
• Avg. target: $36 22% upside
• High target: $60 102% upside

10 analyst ratings

• positive: 7 70%
• neutral: 2 20%
• negative: 1 10%

Northland Capital Markets Michael Latimore 41% 1-year accuracy 12 / 29 met price target	38% upside $41	Outperform Maintained	17 Jan 2025
Needham James Ricchiuti 60% 1-year accuracy 69 / 115 met price target	18% upside $35	Buy Reiterated	17 Jan 2025
Oppenheimer Colin Rusch 43% 1-year accuracy 15 / 35 met price target	18% upside $35	Outperform Initiated	15 Jan 2025
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target	24% upside $37	Buy Reinstated	13 Jan 2025
DA Davidson Matt Summerville 65% 1-year accuracy 20 / 31 met price target	18% upside $35	Buy Upgraded	8 Jan 2025