These Analysts Slash Their Forecasts On Sleep Number Following Q4 Earnings

Core Insights - Sleep Number Corporation reported better-than-expected fourth-quarter earnings, with losses of 46 cents per share, surpassing analyst estimates of 50 cents per share. Sales reached $347.385 million, exceeding expectations of $328.668 million [1] Financial Performance - The company achieved a pro-forma adjusted EBITDA margin of approximately 9% for the full year 2025 and anticipates double-digit adjusted EBITDA growth in 2026 as it continues to execute its strategy [2] Stock Performance - Following the earnings announcement, Sleep Number shares fell 6% to close at $3.45 [2] Analyst Ratings and Price Targets - Piper Sandler analyst Peter Keith maintained a Neutral rating on Sleep Number and lowered the price target from $12 to $5 [4] - UBS analyst Dan Silverstein also maintained a Neutral rating and cut the price target from $10 to $4 [4]