10 Best Emerging Technology Stocks to Buy Now

8. Symbotic Inc. (NASDAQ:SYM)

Focus Area: AI-powered warehouse automation

Potential Upside: 42%

Number of Hedge Fund Holders: 16

Symbotic Inc. (NASDAQ:SYM) focuses on the development, commercialization, and deployment of cutting-edge technology solutions designed to enhance supply chain efficiency. The company builds both the hardware and software essential for automating supply chain processes, enabling customers to streamline depalletizing, storage, selection, and palletization within warehouse operations.

Symbotic Inc. (NASDAQ:SYM) collaborates with some of the world’s largest retailers, including Walmart, Albertsons, and C&S Wholesale Grocers, to transform large-scale distribution centers through automation. Its solutions incorporate autonomous robots and AI-powered software, leveraging computer vision, robotics, and machine learning to optimize inventory movement while reducing dependence on manual labor. Unlike conventional warehouse automation methods such as conveyor belts and manual sorting, the company’s AI-driven robotic system continuously self-learns, adapting to ever-changing inventory needs. This advanced technology enables clients to move goods with unparalleled speed, accuracy, efficiency, and flexibility.

As of Q1 2025 (fiscal year ending in September), the company reported an impressive 44% year-over-year increase in last twelve-month revenue, along with a robust backlog of $22.4 billion. Symbotic Inc. (NASDAQ:SYM) estimates a massive $432 billion total addressable market for one-time operator system sales in company-owned warehouses. Additionally, it projects an annual warehouse-as-a-service market opportunity exceeding $500 billion.

Following the announcement of its Q1 earnings, Cantor Fitzgerald analyst Derek Soderberg reaffirmed his Buy rating on the stock, maintaining a $60 price target. Similarly, TD Cowen’s Joseph C. Giordano reiterated his positive stance, also issuing a Buy rating with a $45 price target. Both forecasts are significantly above the one-year median price consensus estimate of $33, suggesting a potential 42% upside.