Is Sony Group (SONY) Among the 10 Best Global Stocks to Buy According to Wall Street Analysts?
Sony Group Corporation (NYSE:SONY) is included among the 10 Best Global Stocks to Buy According to Wall Street Analysts.
Sony Group Corporation (NYSE:SONY) designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets around the world.
On April 14, TD Cowen trimmed its price target on Sony Group Corporation (NYSE:SONY) from $34 to $29, while maintaining a ‘Buy’ rating on the shares. The lowered target still indicates an upside of over 39% from the current levels.
Sony Group Corporation (NYSE:SONY) raised the price of its PS5 by $100 last month to help offset the unprecedented surge in memory prices amid the AI boom. However, the analyst firm believes that the impact of this price hike should be “pretty minimal” this deep into the console cycle. TD Cowen added that the soaring memory costs might pose a bigger challenge for the Japanese conglomerate’s image sensor business, as the rising smartphone prices could reduce the overall unit volumes.
Sony Group Corporation (NYSE:SONY) was also recently included in our list of the 7 Best Strong Buy Asian Stocks to Invest in.
While we acknowledge the potential of SONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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