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Sonic Automotive Inc has a consensus price target of $65.4 based on the ratings of 10 analysts. The high is $75 issued by JP Morgan on September 10, 2024. The low is $55 issued by Stephens & Co. on June 23, 2023. The 3 most-recent analyst ratings were released by Seaport Global, Needham, and B of A Securities on November 22, 2024, October 25, 2024, and October 14, 2024, respectively. With an average price target of $71.33 between Seaport Global, Needham, and B of A Securities, there's an implied 12.44% upside for Sonic Automotive Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sonic Automotive (NYSE:SAH) was reported by Seaport Global on November 22, 2024. The analyst firm set a price target for $74.00 expecting SAH to rise to within 12 months (a possible 16.65% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Sonic Automotive (NYSE:SAH) was provided by Seaport Global, and Sonic Automotive upgraded their buy rating.
The last upgrade for Sonic Automotive Inc happened on November 22, 2024 when Seaport Global raised their price target to $74. Seaport Global previously had a neutral for Sonic Automotive Inc.
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.
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 November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.
While ratings are subjective and will change, the latest Sonic Automotive (SAH) rating was a upgraded with a price target of $0.00 to $74.00. The current price Sonic Automotive (SAH) is trading at is $63.44, which is within the analyst’s predicted range.
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