SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $24.72, but opened at $23.19. SoftBank Group shares last traded at $22.53, with a volume of 246,597 shares traded.
Analyst Upgrades and Downgrades
SFTBY has been the topic of a number of recent analyst reports. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating on the stock. Sanford C. Bernstein initiated coverage on shares of SoftBank Group in a research note on Monday, May 18th. They set an “outperform” rating on the stock. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SoftBank Group presently has a consensus rating of “Hold”.
Check Out Our Latest Report on SFTBY
SoftBank Group Stock Performance
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. On average, analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current year.
About SoftBank Group
SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.
A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.
See Also
- Five stocks we like better than SoftBank Group
- Wall Street Is Starting to Talk About Tesla’s Endgame
- Meta’s Manus Mess: Why China Blocked the Deal and What It Means
- China Deal Ignites Boeing’s Financial Afterburners
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.
