Craig-Hallum analyst Alex Fuhrman assigned a Buy rating to the stock today. The company’s shares opened today at $16.44.
According to TipRanks, Fuhrman is an analyst with an average return of -6.7% and a 37.45% success rate. Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, The Lovesac Company, and 1-800 Flowers.
Currently, the analyst consensus on Sonos is a Strong Buy with an average price target of $18.17, which is a 10.52% upside from current levels. In a report released on January 8, Jefferies also maintained a Buy rating on the stock with a $22.00 price target.
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The company has a one-year high of $21.98 and a one-year low of $9.78. Currently, Sonos has an average volume of 2.43M.
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Sonos (SONO) Company Description:
Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.
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