Merrill Lynch analyst Merrill Lynch maintained a Sell rating on Sleep Number (NASDAQ:SNBR) on Thursday, setting a price target of $44, which is approximately 32.05% below the present share price of $64.75.
expects Sleep Number to post earnings per share (EPS) of -$0.45 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Sleep Number, with an average price target of $62.
The analysts price targets range from a high of $80 to a low of $44.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $284.94 million and a net profit of -$12.13 million. The company's market cap is $1.8 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 59.01% success rate.
Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.