The e-commerce giant’s partnership with Just Eat Takeaway.com, Grubhub’s parent company, includes an option for a 2% equity stake. Read More...
Benzinga
Why Symbotic Shares Are Surging Today
Raymond James analyst Brian Gesuale initiated coverage of Symbotic Inc. (NASDAQ: SYM), an automation technology company, at Outperform, with a price target of $18, implying an upside of 23%. Symbotic developed an AI software platform and proprietary hardware to provide an end-to-end automation solution for large warehouse and distribution centers. Walmart Inc (NYSE: WMT) is Symbotic’s strategic partner, customer, and investor and has committed over $11 billion to the company to automate its dist
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