Jim Cramer Says He Wishes “Symbotic Were a Cleaner Story”

Symbotic Inc. (NASDAQ:SYM) is one of the stocks Jim Cramer recently discussed. The company was mentioned during the episode, and here’s what Mad Money’s host had to say:

“So, what do we want to make of this stock now that it’s gotten hit? I’m a bit torn on this one. I like the technology and the growth trajectory. I just wish Symbotic were a cleaner story. I’m not super worried about the concentrated Walmart business, but at the end of the day, it’s a problem when you get 87% of your sales from a single company. It’s also tough to value the stock. If we use the consensus earnings estimate for 2026, then the stock’s trading at over 150 times next year’s numbers. If you use the 2028 estimates, Symbotic looks a little more reasonable, just over 25 times that number, but that’s three years out.

If you want to use a price-to-sales multiple, Symbotic trades at about 14 times this year’s… sales, and 14 times sales is far from cheap, frankly. Now I wish the stock had more of a reason to, you know, more than triple. I don’t know why it tripled from its April lows… That bothers me. A lot of this just feels like Symbotic can’t lose in a market that loves AI or automated related, anything robotic. As long as that dynamic continues, the stock’s a winner. But I don’t like to recommend stocks for that reason. At the end of the day, I just don’t feel comfortable enough with this complicated story to stick my neck out for Symbotic.

If you’re thinking long term and if you fully understand the risks and try to understand that short position, the concentration with Walmart, you got my blessing to speculate on this one. Just keep in mind, you’re speculating. Here’s the bottom line: Symbotic’s a cool company, and if you’re comfortable speculating, then you can put a small position on here and potentially buy more on weakness. But overall, I think there are more straightforward ways to speculate this market, but it is cool, I’m not denying that.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Symbotic Inc. (NASDAQ:SYM) develops automation technologies that improve efficiency in large warehouses and distribution centers.

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Disclosure: None. This article is originally published at Insider Monkey.