TLDR
- DA Davidson upgraded Symbotic (SYM) from Neutral to Buy, raising its price target to $70 from $57.
- The stock gapped up at open, jumping from a prior close of $56.56 to $61.04, and was last trading near $59.67.
- The upgrade followed observations at the MODEX trade show, where DA Davidson cited Symbotic’s AI-enabled automation technology lead over competitors.
- Q1 FY2026 revenue came in at $630M, beating estimates, but EPS of $0.02 missed the $0.08 forecast by 75%.
- Insiders have been net sellers, offloading 178,492 units of stock in the past 90 days, including sales by the CTO and another senior insider.
SYM gapped up Tuesday after DA Davidson upgraded the warehouse automation company to Buy and lifted its price target to $70, up from $57. The stock had closed the prior session at $56.56 before opening at $61.04.
The upgrade came after DA Davidson attended the MODEX trade show in Atlanta, where analysts met one-on-one with Symbotic’s CTO and investor relations team. They also observed dozens of rival automation companies at the event.
The firm said Symbotic held a clear technology advantage in AI-enabled automation over the competition it saw at the show. That edge, analysts said, should help cut installation times and speed up new customer wins.
DA Davidson raised its forward estimates for Symbotic following the visit. The firm also pointed to strong revenue visibility and a healthy balance sheet, noting the company holds more cash than debt.
Symbotic’s stock has had a big run over the past year — up roughly 172% — though it remains well below some of the higher price targets on the Street.
Mixed Earnings Picture
Symbotic’s most recent quarterly results told two stories. Revenue for Q1 FY2026 came in at $629.99 million, beating the $622.58 million estimate and growing 29.4% year-over-year.
But earnings per share missed badly. The company posted $0.02 EPS versus the $0.08 expected — a 75% miss. Net margin remains negative at -0.45%, and return on equity sits at -1.88%.
Analysts predict Symbotic will post $0.13 EPS for the full year. The stock currently carries a P/E ratio of -596.79 and a beta of 2.10, reflecting its high-growth, high-volatility profile.
Analyst Ratings Mixed Across the Board
Not everyone is on board with the bullish case. The consensus rating on SYM remains a Hold, with a consensus price target of $65.62, according to MarketBeat.
Seven analysts currently rate the stock a Buy. Six have it at Hold. Three have issued Sell ratings, including Goldman Sachs, which reiterated a Sell and a $50 price target in January. Needham has the highest target on the Street at $75, assigned alongside a Buy rating in February.
KeyBanc also upgraded SYM to Overweight from Sector Weight in recent months, setting a $70 price target — a move influenced by meetings with the company’s CFO and VP of Investor Relations.
Institutional activity has been mixed too. ARK Investment Management raised its stake by 32.4% in Q3, while other funds have entered new positions. On the other side, insiders have been selling.
CTO James Kuffner sold 3,669 units in late February at $56.84 each. Insider William Boyd III sold 5,115 units on April 1st at $55.99. In total, insiders have sold 178,492 units worth over $10.3 million in the past 90 days.
Company insiders now own 8.16% of outstanding stock. The 50-day moving average sits at $53.63, while the 200-day is at $61.22.
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