Sonos (SONO) – The Sound of the “Stay at Home” Economy The Recent Explosive Data Trends Say It All
$30 Target in 2020
Last week, homebuilder sentiment posted the biggest monthly surge ever as home is the new sanctuary. Anyone who buys a home or is looking to upgrade their home must ask themselves one question,
“What do I do for sound?”
The answer is easier than Wayfair’s meteoric rise to $200 – Sonos.
Sitting at the intersection of stay at home, streaming wars, and the connected home, Sonos has quickly emerged as the leader of sound in the connected home. Yet, it has an enterprise value of just $1 billion today, which is much smaller than many of the SPAC’s and stocks du jour of retail traders.
Through a suite of products that are flying off the shelves (see below), Sonos is beating AMZN, GOOGL, and AAPL at their own game by dominating the connected home speaker category.
The Sonos mega growth story is happening NOW in real time with Sonos set to report a blowout quarter. Just as the world went into quarantine and home became the new focus, Sonos introduced three new products that are sold out EVERYWHERE.
