Symbotic Inc. (SYM) plummeted by 21.51% to $66.95 per share after Goldman Sachs issued a “sell” recommendation and set a new price target of $47, citing concerns about its customer base and cash flow projections. The downgrade was influenced by SYM’s reliance on GreenBox for over half of its $22.5 billion backlog, with Symbotic owning 35% of GreenBox and SoftBank holding the remaining 65%.

Read more at Yahoo Finance: Symbotic (SYM) Hit Hard by 21% by ‘Sell’ Reco by Goldman