Opinions
Kim Bolton
Sony Group Corp
SONY-N
SELL
Nov 20, 2024
Stock price when the opinion was issued
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It is an amazing collection of businesses. It is big in the gaming world and financial services as well as entertainment and music. It controls 64% of the gaming console market and 44% of the image sensoring market. Sensors are in everything. It is also becoming a leader in smart mobility
(Analysts’ price target is $110.40)Very muted return. Due to concerns around the gaming segment. Lowered outlook for volume. A problem, but don't miss the long-term picture of this great, diversified business. Don't forget music, image sensors, and movies. Gaming is a bright spot. Will get back on feet. Be patient.
Known for TVs and such. Consumer electronics is their legacy, but now a very small piece of the business and not a very attractive one. Two key properties are PlayStation and music. Should benefit from TTWO's release of Grand Theft Auto 6, as they take a percentage whenever a game is sold. Online services (with monthly subscription fees) should continue to do well.
Second-largest of the big music companies, after Universal. Streaming has saved the music industry from CD pirating and such. Trades at 21x PE. Yield is 0.50%.
He took profit on it, pre-split, back in August. It's very competitive out there. It was priced to perfection (a repetitious theme for today's show).
(Analysts’ price target is $21.50)