Shares of Symbotic Inc. are stabilizing after a volatile period driven by a Goldman Sachs “sell” recommendation and $47 price target, which highlighted risks related to customer concentration and cash flow projections.
- The analyst concern is amplified by the company's heavy reliance on GreenBox, which accounts for more than half of its $22.5 billion backlog.
- The stock had previously plunged 18.9% following its Q4 earnings report, despite beating revenue and EPS estimates.
- Symbotic closed the regular session at $59.00 and saw a slight uptick to $59.51 in after-hours trading.