SYM

Symbotic Inc’s (NASDAQ:SYM) stock has lagged the broader market so far this year, down around 30%, even though its fiscal 2026 EBITDA estimates have been raised by around 28% since Jan. 1 and its fiscal 2027 estimates are up 15% over the same period, according to Needham.

• Symbotic stock is showing downward pressure. What’s the outlook for SYM shares?

The Symbotic Analyst: Analyst Robert Jamieson maintained a Buy rating, while cutting the price target from $75 to $60.

The Symbotic Thesis: Following the decline in the company’s share price, all the negatives appear to be already priced in, Jamieson said in the note.

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The shares are currently pricing in either mid-single-digit revenue growth, versus Needham’s estimate of 28% growth, or an EBITDA margin of about 10.8% compared to Needham’s 16% estimate, both of which appear "overly bearish," he added.

Several Positive Catalysts: The analyst stated that there are "plenty" of positive catalysts on the horizon for Symbotic, including:

• Upside to Systems gross margin in fiscal 2027
• New Exol customer announcements
• SymMicro acceptance
• New logo wins for core Symbotic systems
• Expansion of contracts/relationships with existing customers

These positive catalysts could drive the multiple higher over the next 12 to 18 months, he noted.

Positive Price Adjustments: Project prices in the backlog may change as the scope of site, enhancements and input costs are finalized, Jamieson said.

He estimates pricing adjustments of around $5.8 billion in backlog contribution between the fourth quarter of 2022 and the third quarter of 2026.

The analyst expects "continued positive price adjustments" ahead. "We believe this could potentially provide upside to revenue estimates as more projects from backlog are repriced and commenced," he further wrote.

SYM Price Action: Shares of Symbotic had risen by 1.07% to $42.05 at the time of publication on Tuesday.