Sony Group (NYSE:SONY – Get Free Report) had its price target decreased by analysts at Oppenheimer from $108.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 33.40% from the stock’s current price.
A number of other research analysts have also commented on SONY. StockNews.com raised Sony Group from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $24.00.
Read Our Latest Stock Report on SONY
Sony Group Stock Down 2.0 %
Institutional Trading of Sony Group
Institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sony Group in the second quarter valued at about $26,000. Ridgewood Investments LLC bought a new stake in shares of Sony Group in the 2nd quarter valued at about $41,000. Family Firm Inc. purchased a new position in shares of Sony Group during the 2nd quarter worth approximately $44,000. Hobbs Group Advisors LLC bought a new position in Sony Group in the 2nd quarter valued at approximately $49,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the period. 14.05% of the stock is currently owned by institutional investors.
About Sony Group
Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.
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