Reported 2 days ago
CFRA has raised its price target for Sony Group Corporation (NYSE:SONY) from $31 to $34, maintaining a Buy rating, amid positive investor sentiment following Japan's appointment of its first female prime minister. They anticipate that new policy announcements may boost domestic spending, benefiting Sony and other tech firms. The firm's forward price-to-earnings multiple for fiscal year 2026 has been increased to 28.3x, although earnings projections remain unchanged.
Source: YAHOO