Symbotic Inc. (SYM) has disclosed a new risk, in the Technology category.
Symbotic Inc. faces significant business risk during the transition to a new ERP system, crucial for maintaining accurate financial records and aiding management operations. The integration challenges with existing systems and business processes can lead to operational inefficiencies, while the system’s ongoing maintenance and the maturation of new financial reporting controls remain critical. Inadequate implementation or maintenance of these processes may result in delayed financial reporting and non-compliance with regulations, potentially undermining the effectiveness of internal controls and impacting the company’s business and operations.
The average SYM stock price target is $55.30, implying 28.63% upside potential.
To learn more about Symbotic Inc.’s risk factors, click here.
