Investing
Goldman Sachs Maintains Symbotic Neutral Recommendation
May 25, 2023 3:55 am
Last Updated: May 25, 2023 12:43 pm
Fintel reports that on May 24, 2023, Goldman Sachs maintained coverage of Symbotic Inc – (NASDAQ:SYM) with a Neutral recommendation.
Analyst Price Forecast Suggests 45.52% Downside
As of March 27, 2023, the average one-year price target for Symbotic Inc – is 17.54. The forecasts range from a low of 15.15 to a high of $19.95. The average price target represents a decrease of 45.52% from its latest reported closing price of 32.20.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Symbotic Inc – is 946MM, an increase of 5.91%. The projected annual non-GAAP EPS is -0.07.
What is the Fund Sentiment?
There are 122 funds or institutions reporting positions in Symbotic Inc -. This is an increase of 47 owner(s) or 62.67% in the last quarter. Average portfolio weight of all funds dedicated to SYM is 0.64%, a decrease of 4.57%. Total shares owned by institutions increased in the last three months by 59.50% to 60,361K shares. The put/call ratio of SYM is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
Softbank Group holds 22,000K shares representing 35.80% 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 32.55% ownership of the company. No change in the last quarter.
SVF Sponsor III holds 9,090K shares representing 14.79% ownership of the company. No change in the last quarter.
Frontier Capital Management Co holds 1,041K shares representing 1.69% 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 1.49% ownership of the company. In it’s prior filing, the firm reported owning 755K shares, representing an increase of 17.39%. The firm increased its portfolio allocation in SYM by 178,697.24% over the last quarter.
Key filings for this company:
This article originally appeared on Fintel
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
