Atul Goyal, an analyst from Jefferies, maintained the Buy rating on SoftBank Corp. (9434 – Research Report). The associated price target remains the same with Yen257.00.
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Atul Goyal’s rating is based on several positive indicators for SoftBank Corp. The company has shown a solid financial performance with a notable increase in revenue and operating profit for the fiscal year. Specifically, the revenue grew by 5.2% to ¥6.35 trillion, and the operating profit rose by 12.9%, aligning with expectations. The consumer segment also demonstrated strength with a 7% year-over-year increase in operating profit.
Additionally, PayPay, a key growth driver for SoftBank, reported an 18% increase in revenue and achieved profitability, marking a significant turnaround. The company’s attractive dividend yield of approximately 5% is particularly appealing in Japan’s low-growth telecom market. These factors combined contribute to Atul Goyal’s Buy rating for SoftBank Corp., indicating confidence in the company’s continued growth and financial health.
According to TipRanks, Goyal is a 5-star analyst with an average return of 15.2% and a 69.43% success rate. Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, SoftBank Group, and Capcom Co.