In this daily bar chart of SONO, below, we can see that prices have declined significantly in just a few months. The weekly OBV line shows some improvement the past four months to suggest some under the radar buying. In this daily Point and Figure chart of SONO, below, we can see a potential upside price target in the $29 area. In this weekly Point and Figure chart of SONO, below, we also see a $29 price objective. Shares of Sonos ( SONO ) were cut to an equal-weight fundamental rating by a major sell side firm Wednesday and gave a $28 price target.

Source: Washington Post June 15, 2022 18:52 UTC