Somnigroup International Inc (SGI) saw its stock price soar 5.02% during intraday trading on Wednesday, reflecting strong investor confidence in the company's prospects.

The movement follows a series of positive analyst assessments. BofA Securities highlighted that Somnigroup continues to gain market share and expand its margins despite a challenging bedding industry backdrop where mattress volumes fell approximately 5% in the fourth quarter. The company reportedly outperformed, with like-for-like wholesale revenue growing 6%.

Analysts from BofA Securities and UBS have maintained Buy ratings on the stock, with BofA noting the company's 2026 earnings guidance appears conservative and "leaves room for upside." The overall analyst consensus for Somnigroup International remains overweight with a mean price target of $103.25, reinforcing the positive outlook.