Goldman Sachs Reiterates Neutral Rating on Sonos Inc. (SONO) Following Tech Conference

Goldman Sachs analyst Rod Hall reiterated a Neutral rating and $17.00 price target on Sonos Inc. (NASDAQ: SONO) after Patrick Spence (CEO) and Eddie Lzarus (Interim CFO and Chief Legal Officer) presented at the Communacopia and Technology Conference.

The analyst noted, "Management 1) reiterated FY'22 guidance saying demand has been steady since earnings; 2) emphasized the company's market opportunity and longer term targets; 3) flagged improving supply heading into late CY22; and 4) provided a current summary of the Google patent showdown."

For an analyst ratings summary and ratings history on Sonos Inc. click here. For more ratings news on Sonos Inc. click here.

Shares of Sonos Inc. closed at $15.92 yesterday.

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