Sleep Number shares are trading higher after the company reported better-than-expected Q4 financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.
Portfolio Pulse from Benzinga Newsdesk
Sleep Number's stock (SNBR) is trading higher following the announcement of Q4 financial results that exceeded expectations. Additionally, Wedbush has maintained a Neutral rating on SNBR but increased its price target from $12 to $13.5.
February 23, 2024 | 5:40 pm
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Sleep Number reported better-than-expected Q4 financial results, leading to a rise in its stock price. Wedbush maintained a Neutral rating but raised the price target from $12 to $13.5.
The positive earnings report for Q4 indicates strong financial health and operational efficiency, which typically leads to increased investor confidence and a rise in stock price. The upgrade in the price target by Wedbush, despite maintaining a Neutral rating, further validates the stock's potential for growth, albeit cautiously.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100