Atul Goyal, an analyst from Jefferies, reiterated the Buy rating on SoftBank Corp.. The associated price target remains the same with Yen257.00.
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Atul Goyal has given his Buy rating due to a combination of factors that highlight SoftBank Corp.’s strong performance and potential for growth. The company reported a robust first quarter for FY2025, with an 8% increase in revenue year-over-year and a 6% rise in operating profit, excluding one-off items. This growth was seen across all segments, indicating successful strategic execution, particularly in the fintech and enterprise sectors.
Moreover, the financial business segment showed remarkable progress, with operating profit more than doubling compared to the previous year. Despite some areas that require close monitoring, SoftBank Corp. has achieved 29% of its fiscal year operating profit guidance, demonstrating strong execution in its mobile, enterprise, and PayPay operations. These factors suggest that the company is well-positioned to surpass its conservative targets, justifying the Buy rating.
In another report released on August 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a Yen248.00 price target.