Bank of America Securities analyst Mikio Hirakawa has reiterated their bullish stance on SNEJF stock, giving a Buy rating yesterday.
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Mikio Hirakawa has given his Buy rating due to a combination of factors that highlight Sony’s strong financial performance and strategic initiatives. The first quarter results exceeded expectations, particularly in the gaming segment, where operating profit increased significantly year-over-year. This growth is attributed to the restructuring of the gaming business, which has improved profitability and positioned the company well for future releases.
Additionally, Sony’s music and pictures divisions have shown consistent profit growth, contributing to the overall positive outlook. The company’s ability to effectively monetize its intellectual property and manage its business portfolio to maximize value further supports the Buy rating. Near-term catalysts, such as the partial spinoff of the financial business and the launch of a new first-party game, also provide potential upside. Overall, these factors justify the raised price objective and reinforce confidence in Sony’s future performance.
According to TipRanks, Hirakawa is a 4-star analyst with an average return of 20.2% and a 73.33% success rate.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a Yen4,033.00 price target.