Stock Track | Symbotic Inc. Soars 5% After DA Davidson Upgrades to 'Buy' Rating

Stock Track

Jan 09, 2025

Shares of Symbotic Inc. (SYM) surged over 5% in intraday trading on Wednesday, following an analyst upgrade that boosted investor optimism around the supply chain automation company.

DA Davidson raised its rating on Symbotic to "Buy" from "Neutral", setting a new price target of $35 per share. In a research note, the firm cited Symbotic's growth prospects and competitive positioning in the warehouse robotics space as key factors behind the bullish outlook.

The analyst move sparked a rally in Symbotic's stock, which climbed as high as 5.04% to trade around $20 per share on Wednesday. The company's shares have substantially underperformed the broader market over the past year, making the upgrade a welcome development for shareholders.

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Soars 5% After DA Davidson Upgrades to 'Buy' Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-09 03:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Symbotic Inc. (SYM) surged over 5% in intraday trading on Wednesday, following an analyst upgrade that boosted investor optimism around the supply chain automation company.</p>\n\n<p>DA Davidson raised its rating on Symbotic to \"Buy\" from \"Neutral\", setting a new price target of $35 per share. 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The company's shares have substantially underperformed the broader market over the past year, making the upgrade a welcome development for shareholders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SYM","symbol_name":"Symbotic Inc.","start_time":0,"source_url":"","article_id":"1169259696","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169259696","pubTimestamp":1736364147,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Symbotic Inc.  surged over 5% in intraday trading on Wednesday, following an analyst upgrade that boosted investor optimism around the supply chain automation company.DA Davidson raised its rating on Symbotic to \"Buy\" from \"Neutral\", setting a new price target of $35 per share. 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