Symbotic's Warehouse Robots Forecast to Drive Rapid Growth as Retailers Race to Automate
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Symbotic makes warehouse automation technology like robotic arms and autonomous forklifts to help retailers handle growing e-commerce demand. Walmart is a major customer.
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The warehouse robotics industry is forecast to grow rapidly, from $72B last year to over $280B by 2023, driven by demand from e-commerce and improving AI.
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Symbotic is positioned to capture significant share in this high-growth market. Its tech helps solve previous limitations in warehouse automation.
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Analysts forecast Symbotic's revenue to double by 2025 along with a swing to profitability, supporting substantial stock price gains.
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While still expensive on a forward P/E basis, Symbotic offers a compelling growth story that can support a premium valuation. Profits also reduce investor risk.