Jefferies analyst Atul Goyal maintained a Buy rating on Sony (SNEJF – Research Report) today and set a price target of Yen4,800.00.
Atul Goyal has given his Buy rating due to a combination of factors, primarily centered around the potential strategic moves by Sony. The company is reportedly considering a spin-off of its image sensor business, a move that could significantly alter its business structure.
Such a spin-off would transform Sony into a more focused entertainment company, shedding its conglomerate nature. This strategic shift is anticipated to result in higher valuation multiples, making Sony a more attractive investment. Consequently, Goyal reaffirms his Buy rating, positioning Sony as one of the top picks.