Jefferies analyst Atul Goyal has maintained their neutral stance on SFTBF stock, giving a Hold rating on November 6.
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Atul Goyal has given his Hold rating due to a combination of factors, primarily revolving around the valuation of SoftBank Group’s net asset value (NAV) and its stock price. The reported NAV per share as of September 30 was approximately ¥23.4K, with a subsequent increase to around ¥25.7K by November 10, driven by significant gains in the value of SoftBank Vision Fund 2, particularly from investments in OpenAI and DIDI.
However, these gains were offset by declines in other areas, such as T-Mobile and ARM, leading to a complex financial picture. The stock price, hovering around ¥22-23K, closely aligns with the reduced price target of ¥22,870, suggesting limited upside potential. This alignment between NAV, stock price, and the price target underpins the Hold rating, indicating that the stock is fairly valued at its current level.
According to TipRanks, Goyal is a 5-star analyst with an average return of 13.9% and a 66.67% success rate. Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, NEXON Co, and KONAMI HOLDINGS.
In another report released on November 6, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a Yen23,885.00 price target.