Sony Group Corporation (NYSE:SONY) is one of the best foreign stocks to buy right now. On February 9, Benchmark analyst Mike Hickey cut the price target on Sony Group Corporation (NYSE:SONY) to JPY4,250 from JPY5,100 and maintained a Buy rating. The adjustment followed Sony’s FY25 Q3 earnings report, where the company beat analyst expectations.
Hickey pointed to standout performances in key areas. The analyst noted particularly strong results in Sony’s Imaging & Sensing Solutions, Music, and Game & Network Services platform monetization segments. Revenue slightly topped forecasts company-wide, Hickey noted.
Independent of the analyst action, Sony reported blowout earnings for its December-ending quarter, Q3 FY2025. According to the report, operating profit rose about 22% year on year to ¥515 billion. Net income also grew 11% to ¥377.3 billion, and revenue was ¥3.71 trillion, up around 1% year on year and slightly above forecasts.
Management stated that the company’s earnings beat across core segments came on the back of growth in software and digital services, and higher image sensor sales. The Music division also contributed immensely; witnessing higher recorded music and streaming revenues. On the contrary, the Sony Pictures Entertainment division saw revenue and operating income decline in the quarter.
In light of the results, management now expects revenue of about ¥12.30 trillion and operating profit of about ¥1.54 trillion, both above its previous forecasts. It also lifted annual net profit guidance to around ¥1.13 trillion.
Sony Group Corporation (NYSE:SONY) is a Japanese multinational conglomerate. It is engaged in electronics, gaming, entertainment, and financial services. Its operations span consumer electronics, PlayStation gaming consoles, music, film production, and imaging technologies.
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Disclosure: None. This article is originally published at Insider Monkey.
