BofA Securities initiated coverage on Berkshire Grey with a new price target
$BGRY
Industrial Machinery/Components
Industrials
BofA Securities initiated coverage of Berkshire Grey with a rating of Buy and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2023 | $2.50 → $1.40 | Buy → Hold | Craig Hallum |
| 12/8/2021 | $12.00 | Buy | BofA Securities |
| 11/23/2021 | $8.00 → $10.00 | Neutral → Outperform | Credit Suisse |
| 9/21/2021 | $8.00 | Neutral | Credit Suisse |
| 8/16/2021 | Market Perform | William Blair |
15-12G - Berkshire Grey, Inc. (0001824734) (Filer)
EFFECT - Berkshire Grey, Inc. (0001824734) (Filer)
EFFECT - Berkshire Grey, Inc. (0001824734) (Filer)
BEDFORD, Mass. and LIVERPOOL, U.K., July 27, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc., a leader in AI-enabled robotic solutions that automate supply chain processes, and Maersk, an integrated logistics company working to connect and simplify its customers' supply chains, today announce their first collaboration in the UK. The project, to be deployed ahead of peak in its 685,000 sq ft facility at SEGRO Logistics Park East Midlands Gateway, is part of Maersk's key visions of leveraging cutting-edge technology to integrate logistics and offer flexible and resilient end-to-end solutions to its customers. Details of the project: Maximize SKU coverage across a variety of Maersk customers
BEDFORD, Mass. and COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Hy-Tek Intralogistics, a premier integrator of full-service automation technology for the supply chain, announce their formal partnership and celebrate the successful integration and installation of a highly-automated system for their customer, Bealls, Inc. Despite persistent global supply chain issues, just 8 months after Bealls selected BG, the Berkshire Grey's Robotic Shuttle Product Sortation (BG RSPS) systems were live in the Bealls Jacksonville, Texas facility sorting items bound for stores. The 4
Revenue of $66 Million for Full Year 2022 Meets Full Year Outlook Company Achieves Positive Gross Margins in Q4 BEDFORD, Mass. , March 29, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended December 31, 2022. The Company: Executed 71 installations of Berkshire Grey's advanced robotics solutions during 2022.Entered 2023 with backlog of approximately $100 million.Increased total orders since inception to $265 million.Achieved positive gross margin in the fourth quarter of 2022. "We had another strong quarter in terms of exec
Craig Hallum downgraded Berkshire Grey from Buy to Hold and set a new price target of $1.40 from $2.50 previously
BofA Securities initiated coverage of Berkshire Grey with a rating of Buy and set a new price target of $12.00
Credit Suisse upgraded Berkshire Grey from Neutral to Outperform and set a new price target of $10.00 from $8.00 previously
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
Revenue Up 26% Year-Over-Year To $23.6 million in Q3; YTD Revenues Up 93% Completes Highest Number of Installations in a Quarter in Company History BEDFORD, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2022. Third-Quarter Financial Highlights Revenue of $23.6 million, an increase of 26% compared to the third quarter of 2021. Revenue includes $0.4 million for the provision for common stock warrants, which is recorded as a reduction in revenue. The Company previously issued a warrant to purchase Ber
BEDFORD, Mass., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced the Company will report third-quarter financial results before the market opens on November 14, 2022. The Company will host a conference call and accompanying webcast beginning at 10:00 a.m. ET to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Third-Quarter 2022 Conference Call and Webcast Date: November 14, 2022Time: 10:00 a.m. ETDial-in: 1-833-630-2125 or 1-412-317-1844Conference ID: Berkshire Grey Q3 2022 Earnings CallLive webcast (listen only): https://ir.berks
BEDFORD, Mass., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its second quarter ended June 30, 2022. Second Quarter Financial Highlights Revenue of $23.4 million, an increase of $18.9 million or 421% as compared to the second quarter of 2021.$20 million in new orders in the second quarter of 2022 and through July 31, 2022.Backlog of $100 million, which includes orders through July 31, 2022.Net loss of $29.0 million or $(0.12) per diluted share.Adjusted EBITDA of $(30.3) million.$108 million of cash and cash equivalents with no debt as of June 30, 2022. Seco
SC 13D/A - Berkshire Grey, Inc. (0001824734) (Subject)
SC 13D/A - Berkshire Grey, Inc. (0001824734) (Subject)
SC 13D/A - Berkshire Grey, Inc. (0001824734) (Subject)