Northland lowered the firm’s price target on Symbotic (SYM) to $35 from $53 and keeps an Outperform rating on the shares after the company announced they are delaying their 10K as they are further having to fix FY24 reported numbers and lowered Q1 of FY25 revenue guidance to 36% growth and EBITDA guidance to 75% growth. The firm is lowering its estimates, starting with that new baseline, the analyst tells investors.
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