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Analysts’ Top Industrial Goods Picks: Redwire (RDW), Symbotic (SYM)

Tipranks - Tipranks - Fri May 8, 8:44AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Redwire (RDW) and Symbotic (SYM) with bullish sentiments.

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Redwire (RDW)

Truist Financial analyst Michael Ciarmoli maintained a Buy rating on Redwire today. The company’s shares closed last Thursday at $9.92.

According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 22.1% and a 65.1% success rate. Ciarmoli covers the Industrial Goods sector, focusing on stocks such as York Space Systems, Inc., L3Harris Technologies, and Karman Holdings Inc. ;'>

Redwire has an analyst consensus of Strong Buy, with a price target consensus of $13.88, which is a 44.0% upside from current levels. In a report issued on April 22, Alliance Global Partners also reiterated a Buy rating on the stock with a $15.00 price target.

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Symbotic (SYM)

Craig-Hallum analyst Greg Palm maintained a Buy rating on Symbotic today and set a price target of $80.00. The company’s shares closed last Thursday at $56.04.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 16.4% and a 52.7% success rate. Palm covers the Technology sector, focusing on stocks such as Bel Fuse Inc, 3D Systems, and Stratasys. ;'>

Symbotic has an analyst consensus of Moderate Buy, with a price target consensus of $67.63, which is a 10.6% upside from current levels. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $65.00 price target.

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