Zacks.com users have recently been watching Sony (SONY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The deal announced Friday, increases Sony's stake to a whopping 80%, and it values the business at more than $1 billion.
The Japanese conglomerate said two of its subsidiaries, Sony Music Entertainment (Japan) and Sony Pictures Entertainment, will acquire the stake for $457.2 million.
Sony, Dolby and Sharp have been highlighted in this Industry Outlook article.
SONY stock climbs as momentum in gaming and music drives a strengthened outlook and renewed investor confidence.
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.