Long on Warehouse AutonomationLets keep this simple.
Symbotic has supported the range of $54 multiple times. I will call the 45-54 region the supported "floor".
We saw a major tank and loss of faith for a bit due to some bad accounting.
WMT has shook hands with Symbotic to become best friends forever, with their advance systems and robotics.
www.symbotic.com
This means hundreds of Walmart Distribution centers will be fitted with an automated storage and retrieval system.
Symbotic has plans to build two sites within Mexico, further expanding its reach; which could eventually turn global.
As I see it, this is a $100 dollar value, long term hold stock. Who else is doing this besides Amazon? Amazon works internally with their own products/shipping. Walmart will never go away, and this relationship between Symbotic will continue to grow as automation begins to ramp among all fields.
