Rosenblatt Maintains Buy on Sonos, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Steve Frankel maintains a Buy rating on Sonos (NASDAQ:SONO) and raises the price target from $20 to $24, indicating a positive outlook on the company's stock.
February 07, 2024 | 12:41 pm
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POSITIVE IMPACT
Rosenblatt analyst Steve Frankel maintains a Buy rating on Sonos and raises the price target from $20 to $24.
The increase in price target by Rosenblatt reflects a strong confidence in Sonos' future performance. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100