4 Analysts Assess Sonos: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Sonos (NASDAQ:SONO) show a positive trend, with 4 analysts offering views ranging from bullish to somewhat bullish over the past three months. The average 12-month price target has been raised to $24.25, indicating a 21.25% increase from the previous target of $20.00. Key financial indicators reveal Sonos's strong market performance, including a notable net margin of 13.21% and an ROE of 14.54%, despite a revenue decline of -8.88% over the last quarter.
March 25, 2024 | 12:02 pm
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Analysts have recently shown a bullish sentiment towards Sonos, with an updated average 12-month price target of $24.25, reflecting a 21.25% increase. Despite a revenue decline, Sonos demonstrates strong profitability and financial health.
The positive adjustment in Sonos's price target by analysts, despite a revenue decline, indicates confidence in its market position and financial health. The strong net margin and ROE further support the bullish sentiment, suggesting potential short-term stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100