Below are the downside targets for Sonata Software based on the work of Edson Gould.
In red is what the downside targets were from March 24, 2020 to October 19, 2021. The price was able to achieve the mid-range target of 236.50 by falling to 232.71. We should not be surprised if the new mid-range target is achieved again. The price of Sonata Software would need to increase to 1,600 before these targets would need to be adjusted.