Sonendo Inc has a consensus price target of $1.69 based on the ratings of 4 analysts. The high is $4.6 issued by Morgan Stanley on November 9, 2023. The low is $0.25 issued by Stifel on March 12, 2024. The 3 most-recent analyst ratings were released by Stifel, Goldman Sachs, and Piper Sandler on March 12, 2024, November 10, 2023, and November 9, 2023, respectively. With an average price target of $0.72 between Stifel, Goldman Sachs, and Piper Sandler, there's an implied 202.26% upside for Sonendo Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sonendo (OTCQX:SONX) was reported by Stifel on March 12, 2024. The analyst firm set a price target for $0.25 expecting SONX to rise to within 12 months (a possible 5.44% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Sonendo (OTCQX:SONX) was provided by Stifel, and Sonendo downgraded their hold rating.
There is no last upgrade for Sonendo
The last downgrade for Sonendo Inc happened on March 12, 2024 when Stifel changed their price target from $1 to $0.25 for Sonendo Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sonendo, 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 Sonendo was filed on March 12, 2024 so you should expect the next rating to be made available sometime around March 12, 2025.
While ratings are subjective and will change, the latest Sonendo (SONX) rating was a downgraded with a price target of $1.00 to $0.25. The current price Sonendo (SONX) is trading at is $0.24, which is out of the analyst’s predicted range.
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