Craig-Hallum analyst Greg Palm initiated coverage of Symbotic (SYM) with a Buy rating and $35 price target. Symbotic’s AI-powered robotic technology platform is changing how companies move, store and distribute items, something that Walmart (WMT) has called "game changing," the firm says. A $12 billion backlog provides strong, multi-year visibility and should translate into one of the best growth stories among publicly traded stocks, Craig-Hallum argues.
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