Sonos Soars 21% as Analyst Sees Timing Right for Apple Buy

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Investing.com — Shares of wireless speaker pioneer Sonos soared 21% on Monday after Citron Research said “this is the time” for Apple to snap up the company.

Sonos Inc (NASDAQ:SONO) is also poised to report a “blowout quarter” thanks to stay-at-home mandates, Citron said. Shares have more than doubled to over $14 since hitting a 2020 low in March. Shares of Apple Inc (NASDAQ:AAPL) are up 2.4%.