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Sonic Automotive
SAHNYSE
Sonic Automotive (NYSE:SAH) Stock, Analyst Ratings, Price Targets, Forecasts
Sonic Automotive Inc has a consensus price target of $58 based on the ratings of 9 analysts. The high is $71 issued by Benchmark on February 21, 2023. The low is $40 issued by Morgan Stanley on February 29, 2024. The 3 most-recent analyst ratings were released by JP Morgan, JP Morgan, and B of A Securities on June 10, 2024, May 2, 2024, and April 26, 2024, respectively. With an average price target of $59.67 between JP Morgan, JP Morgan, and B of A Securities, there's an implied 4.50% upside for Sonic Automotive Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
B of A Securities
Morgan Stanley
Benchmark
Stephens & Co.
1calculated from analyst ratings
Analyst Ratings for Sonic Automotive
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/10/2024 | Buy Now | 1.58% | JP Morgan | Rajat Gupta | $53 → $58 | Upgrade | Underweight → Neutral | Get Alert |
| 05/02/2024 | Buy Now | -7.18% | JP Morgan | Rajat Gupta | $48 → $53 | Maintains | Underweight | Get Alert |
| 04/26/2024 | Buy Now | 19.09% | B of A Securities | John Murphy | $55 → $68 | Upgrade | Underperform → Buy | Get Alert |
| 02/29/2024 | Buy Now | -3.68% | B of A Securities | John Murphy | $60 → $55 | Maintains | Underperform | Get Alert |
| 02/29/2024 | Buy Now | -29.95% | Morgan Stanley | Adam Jonas | $35 → $40 | Maintains | Underweight | Get Alert |
| 10/31/2023 | Buy Now | 8.58% | Benchmark | Michael Ward | $58 → $62 | Maintains | Buy | Get Alert |
| 10/31/2023 | Buy Now | -12.43% | JP Morgan | Rajat Gupta | → $50 | Downgrade | Neutral → Underweight | Get Alert |
| 10/12/2023 | Buy Now | -8.93% | JP Morgan | Rajat Gupta | $50 → $52 | Maintains | Neutral | Get Alert |
| 08/01/2023 | Buy Now | 1.58% | Benchmark | Michael Ward | $71 → $58 | Maintains | Buy | Get Alert |
| 07/31/2023 | Buy Now | -12.43% | JP Morgan | Rajat Gupta | $55 → $50 | Maintains | Neutral | Get Alert |
| 06/23/2023 | Buy Now | -3.68% | Stephens & Co. | Daniel Imbro | → $30 | Reiterates | Overweight → Overweight | Get Alert |
| 06/23/2023 | Buy Now | -8.93% | JP Morgan | Rajat Gupta | $50 → $52 | Maintains | Neutral | Get Alert |
| 05/01/2023 | Buy Now | 1.58% | Benchmark | Michael Ward | $71 → $58 | Maintains | Buy | Get Alert |
| 02/28/2023 | Buy Now | -38.7% | Morgan Stanley | Adam Jonas | $33 → $35 | Maintains | Underweight | Get Alert |
| 02/21/2023 | Buy Now | 24.34% | Benchmark | Michael Lapides | $62 → $71 | Maintains | Buy | Get Alert |
| 02/21/2023 | Buy Now | -3.68% | JP Morgan | — | $60 → $55 | Downgrade | Overweight → Neutral | Get Alert |
| 01/17/2023 | Buy Now | -42.21% | Morgan Stanley | Adam Jonas | $35 → $33 | Maintains | Underweight | Get Alert |
| 10/31/2022 | Buy Now | 8.58% | Benchmark | Michael Ward | $71 → $62 | Maintains | Buy | Get Alert |
| 10/06/2022 | Buy Now | 5.08% | JP Morgan | Rajat Gupta | → $60 | Upgrade | Neutral → Overweight | Get Alert |
| 09/09/2022 | Buy Now | — | B of A Securities | John Murphy | — | Downgrade | Buy → Underperform | Get Alert |
| 09/01/2022 | Buy Now | -38.7% | Morgan Stanley | Adam Jonas | $33 → $35 | Maintains | Underweight | Get Alert |
| 08/01/2022 | Buy Now | 24.34% | Benchmark | Michael Ward | $85 → $71 | Maintains | Buy | Get Alert |
| 07/14/2022 | Buy Now | -42.21% | Morgan Stanley | Adam Jonas | $40 → $33 | Maintains | Underweight | Get Alert |
| 05/23/2022 | Buy Now | -29.95% | Morgan Stanley | Adam Jonas | $43 → $40 | Maintains | Underweight | Get Alert |
| 04/29/2022 | Buy Now | — | Seaport Global | Glenn Chin | — | Downgrade | Buy → Neutral | Get Alert |
| 03/08/2022 | Buy Now | -24.69% | Morgan Stanley | Adam Jonas | $40 → $43 | Maintains | Underweight | Get Alert |
| 11/17/2021 | Buy Now | -29.95% | Morgan Stanley | Adam Jonas | — | Downgrade | Equal-Weight → Underweight | Get Alert |
| 08/05/2021 | Buy Now | -3.68% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
| 07/26/2021 | Buy Now | -8.93% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Sonic Automotive (SAH) stock?
The latest price target for Sonic Automotive (NYSE:SAH) was reported by JP Morgan on June 10, 2024. The analyst firm set a price target for $58.00 expecting SAH to rise to within 12 months (a possible 1.58% upside). 10 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Sonic Automotive (SAH)?
The latest analyst rating for Sonic Automotive (NYSE:SAH) was provided by JP Morgan, and Sonic Automotive upgraded their neutral rating.
When was the last upgrade for Sonic Automotive (SAH)?
The last upgrade for Sonic Automotive Inc happened on June 10, 2024 when JP Morgan raised their price target to $58. JP Morgan previously had an underweight for Sonic Automotive Inc.
When was the last downgrade for Sonic Automotive (SAH)?
The last downgrade for Sonic Automotive Inc happened on October 31, 2023 when JP Morgan changed their price target from N/A to $50 for Sonic Automotive Inc.
When is the next analyst rating going to be posted or updated for Sonic Automotive (SAH)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sonic Automotive, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sonic Automotive was filed on June 10, 2024 so you should expect the next rating to be made available sometime around June 10, 2025.
Is the Analyst Rating Sonic Automotive (SAH) correct?
While ratings are subjective and will change, the latest Sonic Automotive (SAH) rating was a upgraded with a price target of $53.00 to $58.00. The current price Sonic Automotive (SAH) is trading at is $57.10, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.