Stifel Maintains Hold Rating for Sonos: Here's What You Need To Know

Stifel Maintains Hold Rating for Sonos: Here's What You Need To Know


Stifel has decided to maintain its Hold rating of Sonos SONO and lower its price target from $24.00 to $20.00.

Shares of Sonos are trading down 23.63% over the last 24 hours, at $17.39 per share.

A move to $20.00 would account for a 15.01% increase from the current share price.

About Sonos

Sonos Inc is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-AAR-UPDATEAnalyst Ratings