Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Sony Group Corporation (NYSE: SONY) rose significantly recently. SONY’s current Value Trend Rating is B and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 10/11/24, Sony Group Corporation (NYSE: SONY) stock rose modestly by 0.6%, closing at $18.98. However, trading volume in this advance was unusually low at 52% of normal. The stock has performed in line with the market over the last nine months and has declined -79.8% during the last week.
Current PriceTarget Research Rating
SONY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Sony Group has a current Value Trend Rating of B (Positive). This VT Rating rose significantly in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Sony Group has a very high Appreciation Score of 93 but a slightly negative Power Rating of 39, triggering the Positive Value Trend Rating.
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