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SOFTBANK GROUP (9984.JP) Surges 10.9% for the Day as SMBC Nikko Securities Raises TP
SOFTBANK GROUP (9984.JP) closed at JPY7,841 today (26th), up 10.91% for the day. SMBC Nikko Securities maintained its investment rating at "1" and raised its TP from JPY5,200 to JP...
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SOFTBANK GROUP (9984.JP) Surges 10.9% for the Day as SMBC Nikko Securities Raises TP
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SOFTBANK GROUP (9984.JP) closed at JPY7,841 today (26th), up 10.91% for the day. SMBC Nikko Securities maintained its investment rating at "1" and raised its TP from JPY5,200 to JPY8,500, mainly reflecting the rise in Arm's share price. Regarding OpenAI, the broker kept its enterprise value assumptions unchanged, but believes that as an IPO approaches, OpenAI may place greater emphasis on business shifts that enhance stock market valuation, which could help narrow the company's valuation discount.

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