DA Davidson analyst Matt Summerville kept his Buy rating and $20 price target on Sonos, saying the company's confirmed Axios report that it hired engineering talent from defunct toy robot maker Anki is a positive. The analyst believes that the hiring is a "shrewd" decision by Sonos management and will have a positive impact on its development efforts. Summerville further cites Anki's "impressive accomplishments" of 6.5M device sales and over 19M mobile handsets connected, adding that the incremental development experience in hardware and software from the hiring could increase Sonos' useful lifetime of its hardware via software updates.