WMT - Symbotic: Leading Warehouse Automation And Robotics Player With A Huge Growth Runway
Summary
- Symbotic has a large total addressable market of $393 billion, which the company intends to strategically expand into over time.
- The company has a large $11.4 billion backlog and has won over large, strategic customers like Walmart, showing the strong value proposition that Symbotic brings to its customers.
- Symbotic has a clear plan to expand, and its near-term strategy includes expanding existing customer relationships, acquiring new customers, and entering new verticals.
- My 1-year target price for Symbotic is $18, implying 67% upside from current levels.
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Symbotic: Leading Warehouse Automation And Robotics Player With A Huge Growth Runway