Sonos, Inc. (SONO)
NASDAQ: SONO · IEX Real-Time Price · USD
16.97
-0.16 (-0.93%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Sonos Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Sonos stock have an average target of 21.25, with a low estimate of 12 and a high estimate of 25. The average target predicts an increase of 25.22% from the current stock price of 16.97.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 25, 2024.
Analyst Ratings
The average analyst rating for Sonos stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $24 | Strong Buy | Reiterates | $24 | +41.43% | Mar 25, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $24 | Strong Buy | Reiterates | $24 | +41.43% | Mar 12, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $20 → $25 | Buy | Maintains | $20 → $25 | +47.32% | Feb 7, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $20 → $24 | Strong Buy | Maintains | $20 → $24 | +41.43% | Feb 7, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $17 → $20 | Hold → Buy | Upgrades | $17 → $20 | +17.86% | Dec 12, 2023 |
Financial Forecast
Revenue This Year
1.69B
from 1.66B
Increased by 1.92%
Revenue Next Year
1.81B
from 1.69B
Increased by 7.41%
EPS This Year
0.26
from -0.08
EPS Next Year
0.43
from 0.26
Increased by 68.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.8B | 1.9B | 2.1B |
| Avg | 1.7B | 1.8B | 2.0B |
| Low | 1.6B | 1.7B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.2% | 13.6% | 16.0% |
| Avg | 1.9% | 7.4% | 9.7% |
| Low | -2.6% | -0.2% | 2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.40 | 0.85 | 1.12 |
| Avg | 0.26 | 0.43 | 0.75 |
| Low | -0.03 | 0.12 | 0.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 230.9% | 159.2% |
| Avg | - | 68.7% | 73.3% |
| Low | - | -54.2% | -29.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.