Symbotic named a top pick for 2023 at Northland

Northland analyst Michael Latimore named Symbotic as one of his top picks for 2023, citing his belief that the company has "high visibility into high-growth" and should turn operating cash flow positive this year. Given differentiation that has "led to big customer wins" and an $11B backlog, Symbotic has "no demand issue," said Latimore, who keeps an Outperform rating and $20 price target on the shares.