New Buy Rating for Sony (SNEJF), the Technology Giant

CLSA analyst Amit Garg maintained a Buy rating on Sony today and set a price target of Yen4,400.00. The company’s shares opened today at $24.82.

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Garg covers the Technology sector, focusing on stocks such as TDK Corporation, Taiyo Yuden Co., Ltd., and IBIDEN CO. According to TipRanks, Garg has an average return of 2.8% and a 64.71% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sony with a $29.97 average price target, which is a 20.75% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a Yen4,033.00 price target.

Based on Sony’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2630244000 thousand and a net profit of $197.73 billion. In comparison, last year the company earned a revenue of $3480966000 thousand and had a net profit of $189.01 billion