Is Sonos Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: SONO) stock is to Buy SONO stock.
Out of 2 analysts, 1 (50%) are recommending SONO as a Strong Buy, 0 (0%) are recommending SONO as a Buy, 1 (50%) are recommending SONO as a Hold, 0 (0%) are recommending SONO as a Sell, and 0 (0%) are recommending SONO as a Strong Sell.
What is SONO's forecast return on equity (ROE) for 2023-2025?
(NASDAQ: SONO) forecast ROE is 49.2%, which is considered strong.
What is SONO's Price Target?
According to 2 Wall Street analysts that have issued a 1 year SONO price target, the average SONO price target is $21.50, with the highest SONO stock price forecast at $24.00 and the lowest SONO stock price forecast at $19.00.
On average, Wall Street analysts predict that Sonos's share price could reach $21.50 by May 11, 2024. The average Sonos stock price prediction forecasts a potential upside of 39.61% from the current SONO share price of $15.40.
What is SONO's forecast return on assets (ROA) for 2023-2025?
(NASDAQ: SONO) forecast ROA is 28.47%, which is lower than the forecast US Consumer Electronics industry average of 34.06%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.