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3 Reasons to Buy Symbotic Stock, and 3 Reasons to Sell

TheMotleyFool

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3 Reasons to Buy Symbotic Stock, and 3 Reasons to Sell: https://g.foolcdn.com/editorial/images/757007/warehouseobots.jpg

Symbotic (NASDAQ: SYM) has been one of the market's hottest growth stocks since it went public by merging with a special purpose acquisition company (SPAC) last June. The warehouse automation company's shares opened at $10.54 each on the first day, soared to an all-time high of $63.54 on July 31, 2023, and currently trade at about $56.

Does Symbotic still have more upside potential after racking up those multibagger gains? Let's review three reasons to buy Symbotic stock -- as well as three reasons to sell it -- to see where it might be headed.

Image source: Getty Images.

Source Fool.com

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