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Wall Street Bulls Look Optimistic About Sony (SONY): Should You Buy?
ZACKS· 2024-09-27 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Sony (SONY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Sony currently has an average brokerage recom ...
Sony Expands INZONE Lineup With New Pro-Level Gaming Monitors
ZACKS· 2024-09-25 13:56
Core Insights - Sony Group Corporation has expanded its INZONE gaming portfolio with the introduction of the INZONE M10S and M9 II monitors, aimed at enhancing competitive gaming performance [1] Group 1: INZONE M10S Monitor - The INZONE M10S is a 27-inch, 1440p OLED gaming monitor featuring an ultra-fast 480Hz refresh rate and a response time of up to 0.03ms, developed with input from esports organization Fnatic [2] - It includes a special 24.5-inch mode for esports players, allowing a 1:1 resolution of 1332p at 480Hz, catering to those accustomed to 1080p displays [2] - The monitor offers FPS Pro and FPS Pro+ picture modes, optimized for image clarity and target identification, with the latter fine-tuned with Fnatic's VALORANT team [3] - The M10S boasts DCI-P3 98.5% color coverage, 10-bit gradation, and a peak brightness of 1300 nits, ensuring high picture clarity [4] - Its design includes a 4mm-thin base for desk space efficiency and an adjustable stand for customizable viewing angles [5] Group 2: Collaboration and Sponsorship - Sony has partnered with Electronic Arts to make the INZONE M10S the official monitor for the Apex Legends Global Series Year 4 Championship in January 2025 [6] Group 3: INZONE M9 II Monitor - The INZONE M9 II is a 27-inch, 4K monitor that enhances the existing M9 model with new features for an immersive gaming experience [7] - Key enhancements include backlight scanning technology for improved motion clarity, a 160Hz refresh rate, and a 1ms response time [8] - The M9 II features a DCI-P3 color gamut of 95% and full-array local dimming technology for better contrast levels [8] Group 4: Environmental Considerations - Both the INZONE M10S and M9 II monitors are designed to reduce environmental impact, with the M10S eliminating molded foam cushions in its packaging and offering a low-power consumption mode [9] Group 5: Pricing and Availability - The INZONE M10S is priced at $1,099.99 and $1,499.99, while the INZONE M9 II is available for $799.99 and $1,099.99 [10] Group 6: Financial Performance - In the last reported quarter, Sony's Game & Network Services sales increased by 12% year over year to ¥864.9 billion, driven by positive forex impacts and higher sales from network services [12] - Sony has raised its fiscal 2025 sales guidance to ¥12,610 billion, up from ¥12,310 billion, reflecting strong momentum across its business units [13] Group 7: Stock Performance - Sony currently holds a Zacks Rank 3 (Hold), with shares gaining 17.5% over the past year, outperforming the sub-industry's growth of 14.6% [14]
Better Stock-Split Stock: Sony vs. MicroStrategy
The Motley Fool· 2024-09-25 09:05
Choosing between these tech companies requires some detective work. There's been no shortage of companies executing a forward stock split in 2024. Among these are electronics giant Sony Group (SONY 1.43%) and software company MicroStrategy (MSTR 2.61%). Sony's 5-for-1 stock split is scheduled to occur Oct. 1, while MicroStrategy completed its 10-for-1 split in August. Both companies fall under the camp of tech stocks, but Sony and MicroStrategy have diverged from their roots in electronics and data analytic ...
Sony Still Trades At A Conglomerate Discount
Seeking Alpha· 2024-09-23 07:55
It has been almost a year since I reiterated my buy rating on Sony Group Corporation (NYSE: SONY ) and more than two years since I initiated a buy rating on the stock. This seems like a good I'm an individual investor who looks for opportunities primarily in unloved stocks. For the past 10 years, I've invested in stocks in the US as well as abroad in unloved markets like the Middle-East and Africa. Thomas Phelps' 100-1 and Philip Phisher are huge inspirations to my investing approach. I'll look to write abo ...
Is Sony Stock a Buy Ahead of Its Stock Split?
The Motley Fool· 2024-09-13 11:09
The electronics giant is focusing on entertainment sales, but there's a catch to owning shares. Stock splits have suddenly become the rage this year. Electronics giant Sony Group (SONY -0.16%) has thrown its hat into this ring, joining companies such as Nvidia and Chipotle. Sony announced a 5-for-1 forward-stock split to take effect Oct. 1. While this action lowers the price of individual shares, making them accessible to more investors, it doesn't necessarily mean Sony stock is a buy. Also, determining whe ...
Sony Corporation (SONY) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-09-12 14:05
Sony (SONY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this electronics and media company have returned +5.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Audio Video Production industry, which Sony falls in, has gained 10.8%. The key question now is: What could be the stock's future direction? Although media ...
Sony unveils upgraded PlayStation 5 Pro to boost sales
CNBC· 2024-09-10 20:50
Sony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700. The arrival of Sony's refreshed PS5 console comes amid a global decline in console sales. In August, Sony reported that it sold 2.4 million units of its PlayStation 5 console in the fiscal first quarter, down from 3.3 million in the same period a year ago. The PS5 Pro will have an upgraded graphics card with 67% more compute units than the current standard PS5 model, Sony said, all ...
SONY's Subsidiary Unveils New MDR-M1 Closed Monitor Headphones
ZACKS· 2024-09-06 16:01
Sony Corporation's (SONY) subsidiary, Sony Electronics Inc., has introduced the MDR-M1 Reference Closed Monitor Headphones, tailored for music creators and sound engineers to ensure their music is heard as intended in any environmental setting. Priced at $249.99/C$ 349.99, the headphones are available for pre-order at Sony.com and from authorized dealers such as Amazon, B&H, Sweetwater and Guitar Center. The MDR-M1 delivers studio-quality sound with a finely tuned acoustic design for high-resolution audio. ...
Sony (SONY) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2024-08-28 14:57
Group 1 - Sony Corporation (SONY) has reached a key level of support, indicating a potential bullish breakout [1] - The company's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross is characterized by a downtrend followed by a crossover of short-term moving average over long-term moving average, leading to a trend reversal and upward price movement [1] Group 2 - Sony's stock has moved 8.7% higher over the last four weeks, suggesting positive momentum [1] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [1] - Positive earnings outlook for the current quarter is supported by no downward revisions in earnings estimates and an increase in the Zacks Consensus Estimate [2]
SONY Raises PlayStation 5 Price in Japan by 19%, Stock Up 3.5%
ZACKS· 2024-08-28 14:30
Sony Group Corporation (SONY) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason. Beginning Sept 2., 2024, the PS5 will cost ¥79,980 for the standard edition and ¥72,980 for the digital edition. PS5 was initially launched in November 2020. The price hike comes when the PS5 is expected to be succeeded by a revamped version shortly. The company also hiked pric ...