Fintel reports that on July 22, 2024, BWS Financial initiated coverage of Symbotic (NasdaqGM:SYM) with a Sell recommendation.
Analyst Price Forecast Suggests 48.56% Upside
As of July 4, 2024, the average one-year price target for Symbotic is $57.43/share. The forecasts range from a low of $44.44 to a high of $68.25. The average price target represents an increase of 48.56% from its latest reported closing price of $38.66 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Symbotic is 1,528MM, an increase of 2.11%. The projected annual non-GAAP EPS is 0.26.
What is the Fund Sentiment?
There are 351 funds or institutions reporting positions in Symbotic. This is an increase of 50 owner(s) or 16.61% in the last quarter. Average portfolio weight of all funds dedicated to SYM is 0.22%, an increase of 13.39%. Total shares owned by institutions increased in the last three months by 16.93% to 78,732K shares. 
The put/call ratio of SYM is 0.43, indicating a bullish outlook.
What are Other Shareholders Doing?
Softbank Group holds 39,825K shares representing 38.98% ownership of the company. No change in the last quarter.
Baillie Gifford holds 9,483K shares representing 9.28% ownership of the company.
SVF Sponsor III holds 9,090K shares representing 8.90% ownership of the company. No change in the last quarter.
Invesco holds 1,048K shares representing 1.03% ownership of the company. In its prior filing, the firm reported owning 328K shares , representing an increase of 68.69%. The firm decreased its portfolio allocation in SYM by 76.86% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 785K shares representing 0.77% ownership of the company. In its prior filing, the firm reported owning 784K shares , representing an increase of 0.15%. The firm decreased its portfolio allocation in SYM by 19.95% over the last quarter.
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This story originally appeared on Fintel.
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