Rosenblatt Reiterates Buy Rating on Sonos Inc. (SONO)

Rosenblatt analyst Steve Frankel reiterated a Buy rating and $21.00 price target on Sonos Inc. (NASDAQ: SONO)

The analyst comments "Despite macro headwinds and margin pressure from tariffs, Sonos delivered another strong beat in the December quarter. Costs have come down and management demonstrated another quarter of strong free cash flow generation. Looking forward, Q2 guidance was inline on revenue and materially ahead on Adj. EBITDA. We are focused on the potential for a series of new product introductions to drive strong growth and upside in the back half of the year, setting the table for a re-rating of the shares. With the stock trading at just 8x EV/CY26 EBITDA we continue to pound the table on Sonos. Our $21 price target is based on 12x EV/CY26 EBITDA, a conservative multiple given the company's brand, ability to innovate and cash flow characteristics."

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 $14.63 yesterday.

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