14 AI News and Ratings That Wall Street Is Watching

Page 3 of 14

12. Symbotic Inc. (NASDAQ:SYM)

Number of Hedge Fund Holders: 15 

Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On December 2, Northland lowered the price target on the stock to $35 from $53 and kept an Outperform rating on the shares after the company announced they are delaying their 10K as they are further having to fix FY24 reported numbers and lowered Q1 of FY25 revenue guidance to 36% growth and EBITDA guidance to 75% growth.

Page 3 of 14