TD Cowen analyst Joseph Giordano raised the firm’s price target on Symbotic to $55 from $33 and keeps an Outperform rating on the shares. The firm the recent GreenBox announcement caused some initial confusion but should serve to derisk the overall operational path while materially broadening penetration and customer base in a cash flow efficient manner.
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Read More on SYM:
- Symbotic price target raised to $70 from $52 at Citi
- Symbotic price target raised to $61 from $48 at Craig-Hallum
- Symbotic cut to Neutral at DA Davidson on valuation
- William Blair downgrades Symbotic amid short-cover rally
- Symbotic downgraded to Market Perform from Outperform at William Blair
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