SoftBank Group (OTCMKTS:SFTBY – Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other research firms have also weighed in on SFTBY. Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating on the stock. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Zacks Research upgraded SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Stock Report on SoftBank Group
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, topping analysts’ consensus estimates of $0.16 by $0.86. The company had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. Research analysts anticipate that SoftBank Group 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.
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