Jefferies analyst Brent Thill maintained a Buy rating on Sonos (SONO – Research Report) yesterday and set a price target of $50.00. The company’s shares closed last Friday at $25.29, close to its 52-week low of $21.46.
According to TipRanks.com, Thill is a 5-star analyst with an average return of 12.4% and a 45.5% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Zillow Group Class C.
Sonos has an analyst consensus of Strong Buy, with a price target consensus of $47.33, which is a 92.6% upside from current levels. In a report issued on February 3, Morgan Stanley also maintained a Buy rating on the stock with a $45.00 price target.
Sonos’ market cap is currently $3.24B and has a P/E ratio of 21.30.
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Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.
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