🔹 Current Price: $21.65
✅ TP1: $24.50 – Short-term bounce from support
✅ TP2: $30.00 – Key previous resistance level
✅ TP3: $40.00 – Next major resistance level ( long-term )
🔹Stop Loss: If trading with leverage, consider a stop below $18-$19.
🔥 Why Are We Bullish?
✅ Strong Revenue Growth
35% YoY revenue increase in Q1 FY2025, reaching $487 million.
Company forecasts $510M-$530M in Q2, signaling continued expansion.
✅ Strategic Expansion with Walmart
Acquisition of Walmart’s Advanced Systems & Robotics business enhances automation capabilities.
Strengthens Symbotic’s competitive edge in warehouse logistics.
✅ Positive Analyst Sentiment
MarketBeat Analyst Target: $38.20, indicating a +76% upside from current levels.
9 Buy, 7 Hold, 1 Sell – Moderate Buy Consensus
✅ Technical Setup
Strong support at $21.00-$22.00, with MACD & RSI signaling a bullish reversal.
A break above $24.50 could trigger a rally towards $30+.
📌 Conclusion:
Symbotic is in a strong growth phase, backed by fundamental strength & technical confluence. A push past $24.50 could fuel momentum towards $30-$40, making it a prime bullish opportunity for both traders & long-term investors. 🚀
✅ TP1: $24.50 – Short-term bounce from support
✅ TP2: $30.00 – Key previous resistance level
✅ TP3: $40.00 – Next major resistance level ( long-term )
🔹Stop Loss: If trading with leverage, consider a stop below $18-$19.
🔥 Why Are We Bullish?
✅ Strong Revenue Growth
35% YoY revenue increase in Q1 FY2025, reaching $487 million.
Company forecasts $510M-$530M in Q2, signaling continued expansion.
✅ Strategic Expansion with Walmart
Acquisition of Walmart’s Advanced Systems & Robotics business enhances automation capabilities.
Strengthens Symbotic’s competitive edge in warehouse logistics.
✅ Positive Analyst Sentiment
MarketBeat Analyst Target: $38.20, indicating a +76% upside from current levels.
9 Buy, 7 Hold, 1 Sell – Moderate Buy Consensus
✅ Technical Setup
Strong support at $21.00-$22.00, with MACD & RSI signaling a bullish reversal.
A break above $24.50 could trigger a rally towards $30+.
📌 Conclusion:
Symbotic is in a strong growth phase, backed by fundamental strength & technical confluence. A push past $24.50 could fuel momentum towards $30-$40, making it a prime bullish opportunity for both traders & long-term investors. 🚀
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💹 Expert strategies & updates
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.