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Sonos Inc has a consensus price target of $21.75 based on the ratings of 8 analysts. The high is $35 issued by Jefferies on May 31, 2022. The low is $11 issued by Morgan Stanley on September 26, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Rosenblatt, and Rosenblatt on September 26, 2024, March 25, 2024, and March 12, 2024, respectively. With an average price target of $19.67 between Morgan Stanley, Rosenblatt, and Rosenblatt, there's an implied 45.68% upside for Sonos Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sonos (NASDAQ:SONO) was reported by Morgan Stanley on September 26, 2024. The analyst firm set a price target for $11.00 expecting SONO to fall to within 12 months (a possible -18.52% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Sonos (NASDAQ:SONO) was provided by Morgan Stanley, and Sonos downgraded their underweight rating.
The last upgrade for Sonos Inc happened on December 12, 2023 when Morgan Stanley raised their price target to $20. Morgan Stanley previously had an equal-weight for Sonos Inc.
The last downgrade for Sonos Inc happened on September 26, 2024 when Morgan Stanley changed their price target from $25 to $11 for Sonos Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sonos, 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 Sonos was filed on September 26, 2024 so you should expect the next rating to be made available sometime around September 26, 2025.
While ratings are subjective and will change, the latest Sonos (SONO) rating was a downgraded with a price target of $25.00 to $11.00. The current price Sonos (SONO) is trading at is $13.50, which is out of the analyst’s predicted range.
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