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<Research>CLSA Slightly Cuts SoftBank (9984.JP) TP to JPY10,749 as OpenAI Era Begins
SoftBank (9984.JP) delivered strong performance in the fourth fiscal quarter ended March, benefiting from improvement in SVF, which was driven by increased valuations at ByteDance ...
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<Research>CLSA Slightly Cuts SoftBank (9984.JP) TP to JPY10,749 as OpenAI Era Begins
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SoftBank (9984.JP) delivered strong performance in the fourth fiscal quarter ended March, benefiting from improvement in SVF, which was driven by increased valuations at ByteDance and OpenAI, CLSA issued a research report titled "OpenAI Era Begins" saying.

The broker was uncertain whether its incremental investment in OpenAI will be US$20 billion or US$30 billion, and looked forward to hearing more explanations from CFO Yoshimitsu Goto at the meeting.

CLSA considered SoftBank's valuation to be reasonable, and kept rating at High Conviction Outperform. However, the broker slightly cut its target price from JPY11,254 to JPY10,749.

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