Northland Securities Reaffirms Their Buy Rating on Symbotic (SYM)
Northland Securities analyst Michael Latimore maintained a Buy rating on Symbotic today and set a price target of $73.00.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
According to TipRanks, Latimore is a 4-star analyst with an average return of 9.2% and a 37.63% success rate. Latimore covers the Technology sector, focusing on stocks such as Ondas, NICE, and Gorilla Technology Group Inc..
In addition to Northland Securities, Symbotic also received a Buy from D.A. Davidson’s Matt Summerville in a report issued today. However, on the same day, William Blair maintained a Hold rating on Symbotic (NASDAQ: SYM).
Based on Symbotic’s latest earnings release for the quarter ending June 27, the company reported a quarterly revenue of $720.84 million and a net profit of $11.67 million. In comparison, last year the company earned a revenue of $592.12 million and had a GAAP net loss of $5.91 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.
Read More on SYM:
