Symbotic Inc. (SYM) shares are experiencing a significant uptick today, driven by the company's optimistic revenue outlook for the first quarter of 2025. The company announced that it expects Q1 revenue to be between $480 million and $500 million, which has likely bolstered investor confidence. This positive guidance comes amid ongoing legal challenges, including a securities fraud class action lawsuit related to alleged improper revenue recognition practices. Despite these legal issues, the market appears to be focusing on the company's strong revenue projections for the upcoming quarter.
As of 11:20 am on Thursday, Symbotic's stock is trading at $29.85, marking a 14.24% increase from its previous close of $26.13. The stock opened at $26.09, reflecting a 14.41% rise from the opening price.