Sonos remains the same company that went into freefall after its IPO, a analysts upgrade had sent it in overdrive over the past few days, would I buy here, NO WAY.
Long term it's hard to see how a company selling a product that is easily replicated and possibly sold below cost by the giants like Googl, Amzn, Fb and Appl can survive, the ECHO etc has much greater functionality and can be adapted to compete and replace anything SONOS has to offer.
AVERAGE ANALYSTS PRICE TARGET $16
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 80
SHORT INTEREST 20%
COMPANY PROFILE
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.
Long term it's hard to see how a company selling a product that is easily replicated and possibly sold below cost by the giants like Googl, Amzn, Fb and Appl can survive, the ECHO etc has much greater functionality and can be adapted to compete and replace anything SONOS has to offer.
AVERAGE ANALYSTS PRICE TARGET $16
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 80
SHORT INTEREST 20%
COMPANY PROFILE
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.