KeyBanc analyst Ken Newman raised the firm’s price target on Symbotic to $63 from $50 on our raised estimates, while keeping an Overweight rating on the shares. The firm notes the company posted a solid Q4 beat on both Revenue and EBITDA, which included its first quarter of positive adjusted EBITDA and a shift to gross profitability with the Software segment.
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Read More on SYM:
- Symbotic (NASDAQ:SYM) Surges After Better-than-Expected Q4 Results
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