Sonos (SONO) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SONO shares.
View SONO analyst ratings or view top-rated stocks.

4 brokers have issued 12-month price targets for Sonos' shares. Their SONO share price forecasts range from $20.00 to $24.00. On average, they predict the company's stock price to reach $20.80 in the next year. This suggests a possible upside of 62.9% from the stock's current price.
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Sonos' stock was trading at $16.90 on January 1st, 2023. Since then, SONO shares have decreased by 24.4% and is now trading at $12.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our SONO earnings forecast.

Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.17. The business had revenue of $373.36 million for the quarter, compared to the consensus estimate of $340.67 million. Sonos had a negative trailing twelve-month return on equity of 2.77% and a negative net margin of 2.59%.

ETFs with the largest weight of Sonos (NASDAQ:SONO) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco Nasdaq Future Gen 200 ETF (QQQS) and SPDR S&P 600 Small CapValue ETF (SLYV).SPDR S&P 600 Small Cap ETF (SLY).

Sonos issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.64 billion-$1.66 billion, compared to the consensus revenue estimate of $1.64 billion.

79 employees have rated Sonos Chief Executive Officer Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among the company's employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Boeing (BA), DocuSign (DOCU), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

(SONO) raised $250 million in an initial public offering on Thursday, August 2nd 2018. The company issued 13,900,000 shares at $17.00-$19.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, Jefferies, KKR, Raymond James and Stifel were co-managers.

Sonos trades on the NASDAQ under the ticker symbol "SONO."

Shares of SONO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SONO stock can currently be purchased for approximately $12.77.

Sonos (NASDAQ:SONO) has a market capitalization of $1.64 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or ($0.35) on an earnings per share basis.

The company employs 1,844 workers across the globe.

Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The official website for the company is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at ir@sonos.com.