KeyBanc Upgrades Symbotic Inc. (SYM) Stock to Overweight from Sector Weight

Symbotic Inc. (NASDAQ:SYM) is one of the Best Automation Stocks to Buy According to Analysts.

On February 19, KeyBanc upgraded the company’s stock to “Overweight” from “Sector Weight” with a price objective of $70, as reported by The Fly. As per the firm, it now has a stronger line of sight in using the recent cost-saving improvements to accelerate installations against ~$22.3 billion of order backlog.

Also, the firm hinted at some catalysts from expansion into new verticals such as frozen and perishable goods, micro fulfillment, healthcare, and apparel. The firm expects further gains as Symbotic Inc. (NASDAQ:SYM) starts deploying the next-gen storage system in Q4 2026.

In a different update, Symbotic Inc. (NASDAQ:SYM) released its Q1 2026 financial results, with the company posting revenue of $630 million, up 29% YoY, and net income of $13 million as compared to a net loss of $17 million in Q1 2025. Moving forward, the company expects a strong growth profile, thanks to increased deployments and expanding profitability. For Q2 2026, Symbotic Inc. (NASDAQ:SYM) expects revenue of between $650 million - $670 million.

Symbotic Inc. (NASDAQ:SYM) is an automation technology company, which is engaged in developing technologies to enhance operating efficiencies in modern warehouses.

While we acknowledge the potential of SYM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.