
Sonos (SONO) Stock Forecast & Price Target
Sonos (SONO) Analyst Ratings
Bulls say
Sonos Inc has demonstrated resilience by addressing software issues that previously hindered sales, while also achieving material cost reductions and leadership renewal through the appointment of a new CEO. The company reported third-quarter results that exceeded expectations and provided fourth-quarter guidance that surpassed consensus, indicating a positive trajectory in its recovery. Furthermore, Sonos possesses a strong balance sheet and a loyal customer base, positioning it well for potential growth and improved profit margins moving forward.
Bears say
Sonos Inc has experienced a significant revenue decline of 13% year-over-year, largely attributed to challenging comparisons from the previous year when major product launches occurred, such as the Ace Headphones. The company's financial projections suggest a further revenue decline of 8% year-over-year on a reported basis, despite an anticipated slight normalized increase of about 1%. Additionally, the lack of specific guidance from management regarding fiscal Q1 raises concerns, as the previous year's figures were bolstered by the launches of prominent products like the Arc Ultra and Sub 4, further complicating future growth expectations.
This aggregate rating is based on analysts' research of Sonos and is not a guaranteed prediction by Public.com or investment advice.
Sonos (SONO) Analyst Forecast & Price Prediction
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