Lake Street Capital assumed coverage on shares of Sonim Technologies (NASDAQ:SONM) in a research report report published on Tuesday morning, Briefing.com Automated Import reports. The brokerage issued a buy rating and a $19.00 target price on the stock.
Separately, Oppenheimer initiated coverage on Sonim Technologies in a report on Tuesday. They issued an outperform rating and a $18.00 target price on the stock.
Shares of SONM stock opened at $16.13 on Tuesday. Sonim Technologies has a fifty-two week low of $9.66 and a fifty-two week high of $18.26.
Sonim Technologies Company Profile
Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.
Featured Story: When is a capital gain realized?
Receive News & Ratings for Sonim Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonim Technologies and related companies with MarketBeat.com's FREE daily email newsletter.