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Sonic Automotive (SAH) Stock Forecast & Price Target

+1.58 (+2.87%)
(As of 07/12/2024 ET)

Sonic Automotive - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

1.61% Upside
High Forecast$68.00
Average Forecast$57.60
Low Forecast$40.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$57.60$57.60$53.40$49.33
Forecasted Upside1.61% Upside8.74% Upside6.75% Upside-10.93% Downside
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SAH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SAH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Sonic Automotive Stock vs. The Competition

TypeSonic AutomotiveRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
Consensus RatingHoldHoldModerate Buy
Predicted Upside1.61% Upside53.52% Upside9.19% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/10/2024JPMorgan Chase & Co.
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 UpgradeUnderweight ➝ Neutral$53.00 ➝ $58.00+2.58%
4/26/2024Bank of America
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 UpgradeUnderperform ➝ Buy$55.00 ➝ $68.00+20.01%
2/29/2024Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$35.00 ➝ $40.00-22.04%
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 Boost TargetBuy ➝ Buy$58.00 ➝ $62.00+30.14%
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 Boost Target$55.00 ➝ $60.00+14.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:23 PM ET.

SAH Forecast - Frequently Asked Questions

What is Sonic Automotive's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Sonic Automotive is $57.60, with a high forecast of $68.00 and a low forecast of $40.00.

Should I buy or sell Sonic Automotive stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonic Automotive in the last year. There is currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SAH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAH, but not buy additional shares or sell existing shares.

Does Sonic Automotive's stock price have much upside?

According to analysts, Sonic Automotive's stock has a predicted upside of 8.74% based on their 12-month stock forecasts.

Has Sonic Automotive been upgraded by Wall Street analysts recently?

Over the previous 90 days, Sonic Automotive's stock had 2 upgrades by analysts.

What analysts cover Sonic Automotive?

Sonic Automotive has been rated by research analysts at Bank of America, and JPMorgan Chase & Co. in the past 90 days.

Do Wall Street analysts like Sonic Automotive more than its competitors?

Analysts like Sonic Automotive less than other "retail/wholesale" companies. The consensus rating score for Sonic Automotive is 2.25 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how SAH compares to other companies.

This page (NYSE:SAH) was last updated on 7/14/2024 by Staff

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