The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Sony (SONY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Sony lifts full-year outlook as gains in Music and Imaging & Sensing offset weakness in Pictures and ET&S.
Strength in content and smartphone sensors, softness in games. It was a mixed, but overall positive performance from Sony Group Corp (NYSE:SONY) whose shares rose 5.5% on Tuesday after management lifted its operating profit outlook for the year to March by 8% to ¥1.43 trillion.
Sony on Tuesday raised its operating profit forecast for the year ending March 2026 by 8% to 1.43 trillion yen ($9.48 billion) citing a smaller impact from U.S. tariffs and the strength of its music and chips businesses.
The Japanese electronics and entertainment company raised its full-year earnings forecasts, thanks to the strength of its music and image-sensor businesses, and projected a smaller tariff hit.
Sony Group on Tuesday reported a increase in its second-quarter operating profit that beat expectations.
Get ready for a four-day trading week—if you trade bonds.
In the latest trading session, Sony (SONY) closed at $27.71, marking a -2.05% move from the previous day.
Sony Pictures Television will take over distribution of the two shows from CBS starting with international sales later this year, followed by domestic sales to local TV stations in the fall of 2028.
The music streaming service said that copyright is essential with AI-powered innovation.