CFRA Raises Sony (SONY) Price Target Amid Optimism Over Japan's New Prime Minister

Sony Group Corporation (NYSE:SONY) ranks among the best consumer electronics stocks to buy now. Citing heightened investor optimism in the wake of Japan’s appointment of its first female prime minister, CFRA lifted its price target for Sony Group Corporation (NYSE:SONY) from $31 to $34 on October 10 while keeping its Buy rating. The firm raised its forward price-to-earnings multiple to 28.3x for fiscal year 2026, which ends in March of that year, but left its earnings per share projections unchanged.

CFRA anticipates that the upcoming policy announcements from the new Japanese administration may increase domestic expenditure, which might help the nation’s tech and consumer companies like Sony Group Corporation (NYSE:SONY).

The firm also cited Sony’s Financial Services division’s successful spin-off as a contributing element to its optimistic outlook.

Sony Group Corporation (NYSE:SONY) is a Japanese global company with a wide portfolio that includes electronics, gaming, entertainment, and financial services. The firm uses technical innovation, as well as the appeal of its intellectual assets, to drive growth in its main segments.

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Disclosure: None. This article is originally published at Insider Monkey.