tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sleep Number Amends Credit Agreement, Extends Maturity Date

Story Highlights
Sleep Number Amends Credit Agreement, Extends Maturity Date

Meet Your ETF AI Analyst

An update from Sleep Number ( (SNBR) ) is now available.

On November 4, 2025, Sleep Number Corporation executed a Twelfth Amendment to its Credit and Security Agreement, extending the maturity date to December 3, 2027, and adjusting various financial covenants and credit facilities. This amendment signifies a strategic financial restructuring for the company, ensuring compliance with all covenants and facilitating the retirement of Board member Stephen L. Gulis, Jr., who stepped down following the amendment’s qualification as a debt refinancing.

The most recent analyst rating on (SNBR) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Sleep Number stock, see the SNBR Stock Forecast page.

Spark’s Take on SNBR Stock

According to Spark, TipRanks’ AI Analyst, SNBR is a Underperform.

Sleep Number’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, negative profitability, and high leverage. Technical analysis also indicates bearish momentum, with the stock trading below key moving averages and in oversold territory. Valuation metrics are unfavorable due to negative earnings. The earnings call provides some optimism with strategic initiatives, but significant challenges remain.

To see Spark’s full report on SNBR stock, click here.

More about Sleep Number

Sleep Number Corporation is a Minnesota-based company operating in the sleep industry, primarily known for its innovative sleep solutions including adjustable mattresses and smart bed technology.

Average Trading Volume: 568,352

Technical Sentiment Signal: Sell

Current Market Cap: $125.2M

For detailed information about SNBR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1