D.A. Davidson raises Symbotic PT; shares rise
Warehouse robotics maker Symbotic's SYM.O shares rise 2.9% to $60.70 premarket
D.A. Davidson raises PT on SYM to $53 from $47
Brokerage raises FY26, FY27 revenue projections for co on stronger start to 2026
Says new features will enable faster assembly and easier installation, improving scalability and deployment speed
Anticipates organic growth reaccelerating in FY27 as customer adoption grows
Still, SYM will experience some revenue deceleration during FY26, says brokerage
New price target marks a 10% discount to SYM's last close of $59
Co shares reached record high on November 26 after upbeat Q4 results
Eight of 20 brokerages rate the stock "buy" or higher, 9 "hold" and 3 "sell"; their median PT is $60.5 - LSEG data
As of last close, stock has more than doubled YTD
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