Citigroup initiated coverage on Sonder with a new price target
$SOND
Hotels/Resorts
Consumer Discretionary
Citigroup initiated coverage of Sonder with a rating of Buy and set a new price target of $7.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2023 | $4.00 | Buy → Neutral | Citigroup |
| 4/20/2022 | $7.00 | Buy | Citigroup |
| 3/11/2022 | $12.00 → $7.00 | Outperform | Oppenheimer |
| 3/10/2022 | $12.00 → $9.00 | Market Outperform | JMP Securities |
| 2/14/2022 | $10.00 | Neutral | Goldman Sachs |
| 2/1/2022 | $12.00 | Outperform | Oppenheimer |
| 1/24/2022 | $12.00 | Market Outperform | JMP Securities |
Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company") today announced that it received a deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on May 23, 2025 (the "Notice"). The Notice indicated that the Company continues to not be in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the "Q1 2025 Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Form 12b-25") filed with the Securities and Exchange Commission (the "SEC") on May 15, 2025. The Listi
Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company") today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on April 24, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Annual Report on Form 10-K for the annual period ended December 31, 2024 (the "2024 Form 10-K"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Form 12b-25") filed with the Securities and Exchange Commission (the "SEC") on March 31, 2025. The
~$18 Million Equity Financing and Amended Note and Warrant Purchase Agreement Strengthen Balance Sheet Full Integration with Marriott's Digital Channels and Platform Anticipated by the End of the Second Quarter of 2025 Implementing ~$50 Million of Annualized Cost Reductions Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company") today announced a series of actions intended to strengthen its balance sheet and generate significant cost savings, and provided an update on its integration with Marriott International, Inc. (NASDAQ:MAR) ("Marriott"): Sale of approximately $18 million shares of its Series A preferred stock on April 11, 2025; Amendments to the existing Note and Warrant