Symbotic price target raised to $30 from $20 at Northland

Northland analyst Michael Latimore raised the firm’s price target on Symbotic to $30 from $20 and keeps an Outperform rating on the shares. In fiscal Q2, Symbotic beat consensus by 19%, which was "much more than last quarter," and accelerated revenue growth to 177%, the analyst tells investors in a post-earnings note.