Sony (SONY) stock was up on Thursday following the company’s PlayStation State of Play event. During the event, the company provided gamers with insights and sneak peeks into upcoming games.
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A few of the biggest games shown off during the PlayStation State of Play included:
- Marvel’s Wolverine, which is being developed by PlayStation’s Insomniac.
- Saros, a new title from Housemarque and published by Sony Interactive Entertainment.
- Microsoft Flight Simulator 2024, which was previously exclusive to Microsoft’s (MSFT) Xbox consoles and PC.
- Battlefield 6, the latest in the long-running first-person shooter series from Electronic Arts (EA).
- Deus Ex Remastered, an updated version of the cyberpunk cult classic.
- Halloween, a new horror game based on the movie of the same name.
- Nioh 3, the next entry in Team Ninja’s samurai combat series.
- Code Vein 2, a sequel to Bandai Namco’s (NCBDF) take on the monster hunting genre.
- Crimson Desert, a new game set in the same universe as Black Desert Online.
To go along with the PlayStation State of Play, the video game company also revealed new games coming to its PlayStation Plus Catalog.
- PlayStation Plus Essential — Alan Wake 2, Cocoon, Goat Simulator 3
- PlayStation Plus Extra & Premium — The Last of Us Part 2
- PlayStation Plus Classics — Tekken 3, Soulcalibur 3, Tomb Raider Anniversary
Sony Stock Movement Today
Sony stock was up 1.33% on Thursday, extending a 40.5% year-to-date increase. The shares have also rallied 48.71% over the past 12 months. Investors will note that Sony handles more than just gaming, with businesses focused on movies and music.
Is Sony Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Sony is Moderate Buy, based on two Buy ratings over the past three months. With that comes an average SONY stock price target of $31.50, representing a potential 5.79% upside for the shares.
