Bullish Case: Ongoing sales promotions and imminent release of Roam 2 speaker may boost SONO's market share and revenue in the short term.


Bearish Case: Delay in Roam 2 launch and saturated smart speaker market could limit upside for SONO, despite recent sales efforts.


Potential Outcomes:

1. Product discounts increase sales significantly (40%).

2. Roam 2 delays inhibit growth (25%).

3. New app improves customer experience, driving brand loyalty (35%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 02, 2024


Sonos Forecast

SONO        Sonos
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SONO



SCI Forecast + Options Trading Strategies   SCI  Service Corp. International (0.9)


VGK Forecast + Options Trading Strategies   VGK  Vanguard FTSE Europe (0.9)


IEFA Forecast + Options Trading Strategies   IEFA  BTC iShares Core MSCI EAF (0.89)


SYY Forecast + Options Trading Strategies   SYY  Sysco (0.89)


RRR Forecast + Options Trading Strategies   RRR  Red Rock Resorts (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to SONO



FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (0.0)


AKRO Forecast + Options Trading Strategies   AKRO  Akero Therapeutics (0.0)


YMM Forecast + Options Trading Strategies   YMM  Full Truck Alliance Co Ltd - (0.0)


ALGM Forecast + Options Trading Strategies   ALGM  Allegro Microsystems (0.0)


AY Forecast + Options Trading Strategies   AY  Atlantica Sustainable Infrastructure (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SONO



EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.72)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.73)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.77)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.78)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.79)





Become a more profitable investor with AI optimized trading strategies






×

Chat with SONO


 Ask any question about SONO!