Piper Sandler sets USD 100.00 target for Somnigroup International stock

Published on 10/14/2026 at 05:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler kept Buy with a USD 100.00 target on October 13, 2026. Somnigroup International stock posted USD 1.82 billion in its second quarter.

Analyst target and operating milestones

Piper Sandler maintained its Buy rating and set a USD 100.00 target on October 13, 2026.
Somnigroup International reported USD 1.82 billion in revenue in the second quarter of 2026.
Simply Wall St lists an announcement for October 15, 2026.

SGI, US88023U1016, Illustration mit AI erstellt.

Somnigroup International (ISIN US88023U1016) drew a USD 100.00 target from Piper Sandler, which maintained its Buy rating on October 13, 2026, according to Markets Insider. The target is the latest dated analyst signal for Somnigroup International stock.

Chronology of operating milestones

On August 6, 2026, Somnigroup International reported USD 1.82 billion in revenue and USD 0.58 in adjusted earnings per share for the second quarter, with adjusted earnings per share up 9.00 percent year over year, according to Benzinga. On August 26, 2026, the company completed its combination with Leggett & Platt and set an annual cost synergy target of USD 75.00 million, as Simply Wall St reported. On October 13, 2026, Piper Sandler maintained Buy and set the USD 100.00 target.

What does the target imply?

Using the last NYSE price of USD 62.87 on October 13, 2026, the USD 100.00 target lies 59.06 percent above the price. The comparison puts the analyst view against a business that delivered adjusted EBITDA of USD 297.00 million in the second quarter of 2026, according to Benzinga.

Management guided adjusted earnings per share to USD 2.85-3.15 for fiscal year 2026 and expected sales at the midpoint of the outlook to reach USD 7.60 billion after intercompany eliminations, according to Benzinga. The operating picture is mixed: quarterly revenue declined 3.00 percent year over year, while adjusted earnings per share rose 9.00 percent.

Next company date

Simply Wall St lists an announcement for October 15, 2026, giving investors the next dated corporate event in the current news cycle.

Valuation gap stays wide

Somnigroup International last traded at USD 62.87 on the NYSE on October 13, 2026. Its market capitalization was USD 13.2 billion on that date, while the 52-week range was USD 60.08 to USD 98.56. The further course of trading is shown by the continuously updated real-time quote of Somnigroup International stock.