RBC Capital analyst Robert Muller maintained a Buy rating on Sonos (NASDAQ:SONO) Inc on Tuesday, setting a price target of $30, which is approximately 13.94% above the present share price of $26.33.
Muller expects Sonos Inc to post earnings per share (EPS) of $0.17 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Sonos, with an average price target of $25.75.
The analysts price targets range from a high of $30 to a low of $19.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $339.84 million and a net profit of $15.43 million. The company's market cap is $2.97 billion.
According to TipRanks.com, RBC Capital analyst Robert Muller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 47.2% and a 86.21% success rate.
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.