New Buy Rating for Sony (SNEJF), the Technology Giant
Macquarie analyst Damian Thong maintained a Buy rating on Sony (SNEJF – Research Report) today and set a price target of Yen4,400.00. The company’s shares closed yesterday at $26.30.
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Thong covers the Technology sector, focusing on stocks such as Advantest, Sony, and Anritsu. According to TipRanks, Thong has an average return of 10.0% and a 57.45% success rate on recommended stocks.
In addition to Macquarie, Sony also received a Buy from Morgan Stanley’s Kazuo Yoshikawa in a report issued on May 30. However, on May 29, Nomura maintained a Hold rating on Sony (Other OTC: SNEJF).
SNEJF market cap is currently $162.2B and has a P/E ratio of 21.25.
Read More on SNEJF:
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- UMG, Sony Music in talks to license music to Udio, Suno, Bloomberg reports
- Sony’s Strategic Financial Initiatives and Projected Profit Growth Justify Buy Rating
- Sony’s Strategic Restructuring: Enhancing Capital Efficiency and Shareholder Value
- Game On: U.S. video game spending fell 3% in April, says Circana
- Microsoft files brief supporting Epic Games, The Verge reports
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