Name of opportunity: 👀
Symbotic Inc
Up and down ↕️
Symbotic Inc is an AI stock that analysts are calling a ‘buy’. The stock is increasing in value, going up almost 13% in the past day. However, the stock took a hit and plummeted almost 25% in the past week, so why did this happen, and is Symbotic Inc worth investing in?
Symbotic is a growth stock, meaning analysts predict that this stock might have the potential to grow over time.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Symbotic Inc might increase from $26.90 to $41.83 in the next 12 months. If you invested $1000, you might profit $555.14.
One reason why Symbotic dipped in price last week might be because the company has delayed the release of their annual report, after finding an accounting error in it. The error has to do with the recording of their revenue.
This filing issue might have caused unease amongst investors, explaining the price fluctuation. However, the stock is on the rise again, and is predicted to potentially go up even further in the next 12 months.
The company’s autonomous robots are used in Target and Walmart warehouses, speeding up distribution and lowering costs. Symbiotic was named number 34 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2024.
Robotic automation platform🤖
Symbotic Inc is an American robotics and automation company that specialises in developing AI powered robotic technology for warehouses. The company is headquartered in Wilmington, Massachusetts, US. Symbotic aims to improve supply chain operations with AI-powered technology.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’
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