Macquarie analyst Paul Golding raised the firm’s price target on SoftBank Group (SFTBY) to 12,850 yen from 11,200 yen and keeps an Outperform rating on the shares. The firm updated its net asset value analysis to reflect citing the quality of SoftBank’s holdings and growth exposure. Recent India initial public offerings are supportive of unlocking further shareholder value, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFTBY:
- Charter to acquire Liberty Broadband, Spotify reports Q3 beat: Morning Buzz
- SoftBank’s Vision Fund co-CEO Rajeev Misra to step down, The Information reports
- Softbank wants to set Arm on ‘collision course’ with Nvidia, FT reports
- Arm looks to cancel key Qualcomm chip design license, Bloomberg reports
- Microsoft, OpenAI partnership has started to fray, NY Times reports