1 Beaten-Down Stock to Buy and 1 to Avoid
The best time to buy a stock is often when it's been left for dead. In some cases, pessimism can drive down a stock so much that anything short of disaster can lead to solid long-term returns for investors.
One beaten-down stock that looks like it could fall into this category is (NASDAQ: SONO). Demand for the company's speakers has slumped, but the long-term growth story is still intact. Wayfair (NYSE: W) is a different story, and while it can be tempting to jump in at a depressed price, there's not a lot to like about the online furniture seller.
Shares of connected home audio specialist Sonos have taken a beating over the past few months. The stock tumbled in May following a quarterly report that beat analysts' expectations but featured lackluster guidance. Sonos is suffering from weak demand for its pricey speakers and home theater equipment amid a tough economic environment.
Source Fool.com
Sonos Inc Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 10.34 € the target price of 21 € shows a potential of 103.19% for Sonos Inc which would more than double the current price.
