
Sonos (SONO) Stock Forecast & Price Target
Sonos (SONO) Analyst Ratings
Bulls say
Sonos is a speaker company with a strong focus on innovation and a solid leadership team under CEO Tom Conrad and CFO Saori Casey, leading to a turnaround in the company's financial performance and steady revenue growth. While the impact of rising DRAM prices on gross margins is a concern, the company has secured sufficient supply and is actively working on solutions. With international expansion opportunities and new product launches, Sonos is poised for continued success and has the potential to outperform expectations. As such, analysts remain optimistic on the stock with a buy rating and a target EBITDA multiple of 12x EV/CY26.
Bears say
Sonos is a leading provider of high-quality and easy-to-use home audio products, leveraging the popularity of soundbars and multi-room systems to achieve sales of $1.75B in FY22. However, their negative cash flow from operations and free cash flow, along with share repurchases, suggest financial strain and a lack of investment in future growth. Along with being debt-free, the company's $249M in cash may provide some financial stability, but it may not be enough to support long-term success in an increasingly competitive market.
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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