Sony (SNEJF): New Buy Recommendation for This Technology Giant
CLSA analyst Amit Garg maintained a Buy rating on Sony today and set a price target of Yen5,200.00. The company’s shares closed last Friday at $29.00.
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According to TipRanks, Garg is a 3-star analyst with an average return of 8.1% and a 69.44% success rate. Garg covers the Technology sector, focusing on stocks such as TDK Corporation, IBIDEN CO, and Sony.
Sony has an analyst consensus of Strong Buy, with a price target consensus of $32.25, representing an 11.20% upside. In a report released on August 27, Bank of America Securities also maintained a Buy rating on the stock with a Yen4,600.00 price target.
Based on Sony’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2621615000 thousand and a net profit of $236.91 billion. In comparison, last year the company earned a revenue of $2565361000 thousand and had a net profit of $231.64 billion
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