Cantor Fitzgerald Remains a Buy on Symbotic (SYM)

In a report released yesterday, from Cantor Fitzgerald reiterated a Buy rating on Symbotic, with a price target of $82.00. The company’s shares closed yesterday at $46.52.

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Symbotic has an analyst consensus of Moderate Buy, with a price target consensus of $68.40, a 47.03% upside from current levels. In a report released today, KeyBanc also reiterated a Buy rating on the stock with a $70.00 price target.

Based on Symbotic’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $676.48 million and a net profit of $1.97 million. In comparison, last year the company earned a revenue of $549.65 million and had a GAAP net loss of $1.8 million

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYM in relation to earlier this year. Last month, Todd Krasnow, a Director at SYM sold 3,367.00 shares for a total of $171,717.00.