Sonos Inc (SONO)
NASDAQ:SONO

Sonos (SONO) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

SONO Analyst Ratings

Moderate Buy
3Ratings
1 Buy
2 Hold
0 Sell
Based on 3 analysts giving stock ratings to
Sonos
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SONO Stock 12 Months Forecast

Average Price Target

$19.67
▲(11.41% Upside)
Based on 3 Wall Street analysts offering 12 month price targets for Sonos in the last 3 months. The average price target is $19.67 with a high forecast of $25.00 and a low forecast of $17.00. The average price target represents a 11.41% change from the last price of $17.66.
Highest Price Target$25.00Average Price Target$19.67Lowest Price Target$17.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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Stifel Nicolaus
$20.00
Hold
13.28%
Upside
Reiterated
Analysts Have Conflicting Sentiments on These Technology Companies: Caci International (NYSE: CACI), Sonos (NASDAQ: SONO) and CS Disco (NYSE: LAW)
D.A. Davidson
$29.00
Buy
64.26%
Upside
Reiterated
Sonos Shares Down 24% After Cut to FY Revenue OutlookD.A. Davidson analyst Tom Forte reiterated a buy rating for Sonos but dropped his price target to $29 from $40. He said the companys operating results came in below D.A. Davidsons expectations, but Sonos beat its forecast for adjusted Ebitda.
Raymond James
$20.00
Hold
13.28%
Upside
Reiterated
Sonos Plunges as Weak Demand Prompts Outlook Cut, Analyst Seeks to See More Stabilization in BusinessWe previously cited the wall of worry that the initial F2H guide created, and this has since come to fruition as consumer behavior deteriorated in June leading to disappointing results alongside an ERP change, and a CFO departure announcement alongside an indefinite pushout of FY24 targets put salt in the wound. While we expect a rightful reset in shares following this report (EBITDA guide down 20%), we await more stabilization in the business to make a tactical call, and traction in Services to make a structural call on the stock, Tindle wrote in a note.
Bank of America Securities
$34.00
Buy
92.58%
Upside
Reiterated
Sonos (SONO) Shares Rally 5% After Earnings Beat, Analysts See no Slowdown in DemandBofA analyst John Babcock cut the price target to $34.00 per share from $35.00 but remains Buy - rated amid solid demand.
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SONO Financial Forecast

SONO Earnings Forecast
Next quarter’s earnings estimate for SONO is $0.35 with a range of $0.23 to $0.43. The previous quarter’s EPS was -$0.50. SONO beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.82% of the time in the same period. In the last calendar year SONO has Underperformed its overall industry.
Next quarter’s earnings estimate for SONO is $0.35 with a range of $0.23 to $0.43. The previous quarter’s EPS was -$0.50. SONO beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.82% of the time in the same period. In the last calendar year SONO has Underperformed its overall industry.
SONO Sales Forecast
Next quarter’s sales forecast for SONO is $603.94M with a range of $550.00M to $664.50M. The previous quarter’s sales results were $316.29M. SONO beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 67.21% of the time in the same period. In the last calendar year SONO has Outperformed its overall industry.
Next quarter’s sales forecast for SONO is $603.94M with a range of $550.00M to $664.50M. The previous quarter’s sales results were $316.29M. SONO beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 67.21% of the time in the same period. In the last calendar year SONO has Outperformed its overall industry.
SONO Analyst Recommendation Trends
In the current month, SONO has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The SONO average analyst price target in the past 3 months is $19.67
In the current month, SONO has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The SONO average analyst price target in the past 3 months is $19.67

SONO Stock Forecast FAQ

What is SONO’s average 12-month price target, according to analysts?
Based on analyst ratings, Sonos’s 12-month average price target is $19.67.
    What is SONO’s upside potential, based on the analysts’ average price target?
    Sonos has 11.41% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is SONO a Buy, Sell or Hold?
          Sonos has a conensus rating of Moderate Buy which is based on 1 buy ratings, 2 hold ratings and 0 sell ratings.
            What is Sonos’s price target?
            The average price target for Sonos is $19.67. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $25.00 ,the lowest forecast is $17.00. The average price target represents 11.41% Increase from the current price of $17.655.
              What do analysts say about Sonos?
              Sonos’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 3 Wall Streets Analysts.

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