TD Cowen raised the firm’s price target on Symbotic to $33 from $20 and keeps an Outperform rating on the shares. The analyst said we view the share reset as an opportunity for those who have been watching to re-evaluate and make entry. 2Q results were a comfortable beat, and the company continues to show further evidence of scaling the enterprise.
Published first on TheFly
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Read More on SYM:
- Symbotic price target raised to $28 from $24 at Baird
- Symbotic price target raised to $31 from $22 at Deutsche Bank
- Symbotic price target raised to $30 from $20 at Northland
- Symbotic price target raised to $31 from $25 at Needham
- Symbotic price target raised to $35 from $23 at Raymond James
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