RBC Capital Sticks to Its Buy Rating for Sonos (SONO)

RBC Capital analyst Robert Muller maintained a Buy rating on Sonos (SONO) today and set a price target of $19.00. The company’s shares closed last Thursday at $14.78.

According to TipRanks.com, Muller is a 5-star analyst with an average return of 38.5% and a 100.0% success rate. Muller covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, National Instruments, and Dell Technologies.

Sonos has an analyst consensus of Moderate Buy, with a price target consensus of $17.27, which is an 11.7% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $20.00 price target.

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The company has a one-year high of $17.83 and a one-year low of $6.58. Currently, Sonos has an average volume of 5M.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SONO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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