Nomura Keeps Their Buy Rating on SoftBank Group (SFTBF)
In a report released today, Daisaku Masuno from Nomura maintained a Buy rating on SoftBank Group, with a price target of Yen16,450.00. The company’s shares closed yesterday at $98.94.
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Masuno covers the Communication Services sector, focusing on stocks such as SoftBank Corp., SoftBank Group, and KDDI. According to TipRanks, Masuno has an average return of 25.3% and a 79.31% success rate on recommended stocks.
Currently, the analyst consensus on SoftBank Group is a Moderate Buy with an average price target of $96.40, a -2.57% downside from current levels. In a report released on August 8, CLSA also maintained a Buy rating on the stock with a Yen14,033.00 price target.
Based on SoftBank Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1820341000 thousand and a net profit of $417.58 billion. In comparison, last year the company earned a revenue of $1701747000 thousand and had a GAAP net loss of $179.36 billion
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