Symbotic’s (SYM) Bullish Thesis Intact as TD Cowen Highlights Major Customer Acquisition, Deployment Acceleration Despite High Valuation

Symbotic Inc. (NASDAQ:SYM) is one of the best stocks for the next decade. On December 3, TD Cowen raised the firm’s price target on Symbotic to 75from75 from 50 and maintained a Buy rating on the shares. While the firm acknowledged that the stock’s valuation has become stretched following the earnings report, the underlying results support the core bullish thesis. The quarter showcased significant milestones, like the acquisition of a major customer in a new market and acceleration in deployment timelines. I ...