Sonos shares heading to $30 on ‘booming’ demand, Citron says

Andrew Left’s Citron Research reiterated its belief that shares of Sonos are going to $30. The stock in midday trading is down 32c to $14.69. Citron tweeted, “$SONO remains hot on way to $30 or takeout- demand booming.Backorder dates on sonos.com continue to get pushed out for the Move, Five, Sub and Arc. Both Morgan Stanley and M Science corroborated the strength we are seeing in two separate notes on Friday. #blowoutQ”