SONY Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Sony has shown strong performance in its gaming division, with a 37% jump in quarterly profit and robust PlayStation 5 sales. The company has also raised its operating profit forecast, indicating positive momentum. The upcoming Nintendo Switch 2 announcement may further boost investor confidence in the gaming sector, benefiting Sony as well.
Technical Indicators:
- RSI (14): 63.43, indicating the stock is not overbought.
- MACD: Positive, showing bullish momentum.
- SMA (20): $24.41, with the stock trading above this level.
- Fibonacci Levels: Support at $23.02 and resistance at $25.16.
Price Action:
The stock closed at $25.23 on March 21, maintaining its uptrend. It is expected to target the resistance level of $25.16 in the next trading week.
Conclusion:
Based on strong fundamentals and bullish technical indicators, the stock is expected to rise to $25.16.
Recommendation: Buy SONY stock as it is likely to continue its upward trend.
SONY Similar Chart Price Prediction
The price of SONY is predicted to go up -18.77%, based on the high correlation periods with LBRT. The similarity of these two price pattern on the periods is 94.45%.
SONY
LBRT
Down: -18.77%Similarity: 94.45%
SONY Revenue Forecast
SONY EPS Forecast
SONY FAQs
What is SONY revenue forecast for next quarter？
SONY VS S&P500
PlayStation VR 2 will not only be used for games, but will also be a breakthrough mode of entertainment for media such as movies, music, and sports, and will deliver new demand to the PlayStation ecosystem.
Diffusion of the multi-camera technology on handsets, and new demand from the automotive industry, will boost demand for image sensors, from which Sony will benefit.
While tough competition in the electronics industry will continue, the capable management team can control the risk.
SONY Analyst's Forecast
Martin Yang
Oppenheimer
Buy
2025-02-20
Price Target
$25 → $33
Upside
+33.17%
Oppenheimer analyst Martin Yang raised the firm's price target on Sony to $33 from $25, among the highest on the Street, and keeps an Outperform rating on the shares. The firm's bullish conviction in Sony's outlook in the next 12-18 is based on sustained revenue growth and accelerating profit margin expansion at PlayStation. Oppenheimer believes most investors underappreciate Sony's structural advantage in the gen 9 console market. The firm expects PlayStation's market share dominance to enhance revenue and profit growth from network services and major 1P/3P game releases in 2025.
Martin Yang
Oppenheimer
Buy
2024-11-12
Price Target
$108 → $25
Upside
+33.9%
Doug Creutz
TD Cowen
Strong Buy
2024-10-11
Price Target
$107 → $23
Upside
+21.18%
