Where Sonos Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 5 Wall Street analysts have published their opinions on Sonos (NASDAQ:SONO), with 2 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target is $17.8, representing an implied upside from the current price of $16.63. This average price target reflects a 4.66% decrease from the previous target of $18.67. Analysts typically review stocks quarterly and may adjust their predictions based on various factors, including company performance and market conditions.
December 12, 2023 | 12:00 pm
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POSITIVE IMPACT
Sonos has received mixed ratings from analysts, with an average price target of $17.8, which is above the current price of $16.63 but lower than the previous target of $18.67.
The average price target suggests analysts see some upside for Sonos, which could lead to a positive short-term impact on the stock price. However, the decrease in the target from $18.67 to $17.8 indicates a tempered optimism, which may limit the upside potential. The mixed ratings with no bearish views could mean that the stock will not face significant downward pressure, but the reduced target price suggests that expectations for growth are not as high as they once were.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100