Walmart Is the Best and Worst Thing to Happen to Symbotic Stock. Here's Why.
Robotics company Symbotic (NASDAQ: SYM) scored a coup in 2021 when it contracted with Walmart (NYSE: WMT) to automate the retail giant's 42 regional distribution centers. Given Walmart's size, such a deal can change the game for any rising company and significantly benefit its investors.
However, that has not led to Symbotic landing comparable contracts with other companies. In fact, the contract could also become the worst thing that has happened to Symbotic stock. Here's why -- and what it means for investors.
The company's relationship with Walmart goes back to 2017, when it tested Symbotic's technology at a Walmart regional distribution center in Brooksville, Florida.
Source Fool.com
Walmart Inc. Stock
€56.00
-0.020%
With 51 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 56.0 € the target price of 164 € shows a potential of 192.86% for Walmart Inc. which would more than double the current price.
