SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $21.75, but opened at $20.57. SoftBank Group shares last traded at $20.83, with a volume of 361,494 shares traded.
Analyst Upgrades and Downgrades
SFTBY has been the topic of several research analyst reports. Sanford C. Bernstein assumed coverage on shares of SoftBank Group in a research report on Monday, May 18th. They issued an “outperform” rating on the stock. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft lowered shares of SoftBank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Finally, TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Report on SFTBY
SoftBank Group Stock Performance
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its quarterly earnings results 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 analyst estimates of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. Sell-side analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share for the current year.
SoftBank Group Company Profile
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.
Recommended Stories
- Five stocks we like better than SoftBank Group
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
- ERock IPO: A $1.3B Power Play Solution
- The AI Boom Has a Hidden Winner—And It’s Not Nvidia
- SMX: Can Molecular Tracking Technology Become the Next Moonshot?
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.
