
Sleep Number (SNBR) Stock Forecast & Price Target
Sleep Number (SNBR) Analyst Ratings
Bulls say
Sleep Number Corp. has reported a 3.4% year-over-year increase in average revenue per unit, which reflects the effectiveness of their strategic shift towards a value-centric marketing approach and higher promotional activities. Despite a 17% decline in mattress unit sales to 77.5k, the company's gross margin improved by 190 basis points to 56.6%, demonstrating resilience in profitability amid a challenging retail environment. Furthermore, the company observed a positive month-over-month demand increase in October and anticipates favorable performance due to improved product availability and ongoing outperformance in the premium sleep segment.
Bears say
Sleep Number Corp. is experiencing significant headwinds, evidenced by a sharp 17% year-over-year decline in mattress industry search interest as of October, indicating waning consumer interest. The company's recent third-quarter results fell drastically short of expectations, which negatively impacted stock performance, demonstrating broader industry challenges where Sleep Number is losing market share in unit sales despite being positioned in a higher-priced segment. Additionally, geopolitical uncertainties, such as conflicts in Ukraine and the Middle East, threaten to further dampen consumer confidence and demand, reminiscent of previous demand declines noted during past conflicts.
This aggregate rating is based on analysts' research of Sleep Number and is not a guaranteed prediction by Public.com or investment advice.
Sleep Number (SNBR) Analyst Forecast & Price Prediction
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