Sony Group (SONY) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sony Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SONY shares.
View SONY analyst ratings or view top-rated stocks.

2 brokers have issued 1-year target prices for Sony Group's stock. Their SONY share price forecasts range from $102.00 to $118.00. On average, they expect the company's stock price to reach $110.00 in the next year. This suggests a possible upside of 32.7% from the stock's current price.
View analysts price targets for SONY or view top-rated stocks among Wall Street analysts.

Sony Group's stock was trading at $76.28 at the beginning of 2023. Since then, SONY shares have increased by 8.7% and is now trading at $82.91.
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Sony Group saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,660,000 shares, an increase of 28.7% from the July 31st total of 1,290,000 shares. Based on an average daily trading volume, of 809,100 shares, the short-interest ratio is presently 2.1 days. Currently, 0.1% of the shares of the stock are short sold.
View Sony Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SONY earnings forecast.

ETFs with the largest weight of Sony Group (NYSE:SONY) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), ProShares Metaverse ETF (VERS), Amplify International Enhanced Dividend Income ETF (IDVO), Avantis International Large Cap Value ETF (AVIV), ActivePassive International Equity ETF (APIE), Wedbush ETFMG Video Game Tech ETF (GAMR), Pacer Trendpilot International ETF (PTIN) and Avantis Responsible International Equity ETF (AVSD).

Sony Group (NYSE:SONY) pays an annual dividend of $0.42 per share and currently has a dividend yield of 0.50%. The dividend payout ratio is 7.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SONY will have a dividend payout ratio of 6.59% next year. This indicates that the company will be able to sustain or increase its dividend.

Sony Group issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $90.37 billion-$90.37 billion.

Sony Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SONY."

Sony Group's stock is owned by many different retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (0.94%), Fisher Asset Management LLC (0.45%), BlackRock Inc. (0.29%), Boston Partners (0.21%), AGF Management Ltd. (0.18%) and Clearbridge Investments LLC (0.13%).

Shares of SONY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SONY stock can currently be purchased for approximately $82.91.

Sony Group (NYSE:SONY) has a market capitalization of $102.31 billion and generates $85.23 billion in revenue each year. The company earns $6.93 billion in net income (profit) each year or $5.47 on an earnings per share basis.

The company employs 113,000 workers across the globe.

Sony Group's mailing address is 1-7-1 KONAN MINATO-KU, TOKYO M0, 108-0075. The official website for the company is www.sony.com. The company can be reached via phone at (136) 748-2111, via email at ir@sony.com, or via fax at 813-6748-2061.