Fintel reports that on August 7, 2023, TD Cowen maintained coverage of Symbotic Inc - (NASDAQ:SYM) with a Outperform recommendation.
Analyst Price Forecast Suggests 4.76% Downside
As of August 2, 2023, the average one-year price target for Symbotic Inc - is 49.98. The forecasts range from a low of 32.32 to a high of $68.25. The average price target represents a decrease of 4.76% from its latest reported closing price of 52.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Symbotic Inc - is 946MM, a decrease of 8.11%. The projected annual non-GAAP EPS is -0.07.
What is the Fund Sentiment?
There are 153 funds or institutions reporting positions in Symbotic Inc -. This is an increase of 58 owner(s) or 61.05% in the last quarter. Average portfolio weight of all funds dedicated to SYM is 0.68%, an increase of 23.26%. Total shares owned by institutions increased in the last three months by 67.06% to 61,477K shares. 
The put/call ratio of SYM is 1.28, indicating a bearish outlook.
What are Other Shareholders Doing?
Softbank Group holds 22,000K shares representing 27.21% ownership of the company. In it's prior filing, the firm reported owning 2,000K shares, representing an increase of 90.91%. The firm increased its portfolio allocation in SYM by 1,706.65% over the last quarter.
SB Global Advisors holds 20,000K shares representing 24.73% ownership of the company. No change in the last quarter.
SVF Sponsor III holds 9,090K shares representing 11.24% ownership of the company. No change in the last quarter.
Frontier Capital Management Co holds 1,041K shares representing 1.29% ownership of the company. In it's prior filing, the firm reported owning 344K shares, representing an increase of 66.92%. The firm increased its portfolio allocation in SYM by 449.07% over the last quarter.
Navis Wealth Advisors holds 914K shares representing 1.13% ownership of the company. No change in the last quarter.
Additional reading:
- Symbotic Reports Third Quarter Fiscal Year 2023 Results
- STOCK PURCHASE AGREEMENT
- STOCK PURCHASE AGREEMENT
- JOINT FILING AGREEMENT
- STOCK PURCHASE AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
