Sony slashes PS5 sales target, plans 2025 IPO for financial unit

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Go back to Sony slashes PS5 sales target, plans 2025 IPO for financial unit

Macquarie cuts Sony (SONY) as headwinds are 'biting'

February 15, 2024 2:02 PM EST

Macquarie Equity Research analyst Damian Thong downgraded shares of (NYSE: SONY) to Neutral from Outperform in a note Thursday, noting that the stock is close to their JPY 15,000 price target.

Furthermore, the analyst said headwinds are "biting" for the company, while its market... More

Macquarie Downgrades Sony Corp. (6785:JP) (SONY) to Neutral

February 15, 2024 4:56 AM EST

Macquarie analyst Damian Thong downgraded Sony Corp. (6785:JP) (NYSE: SONY) from Outperform to Neutral with a price target of JPY15,000.00.

The analyst comments "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral. We... More

Sony Group (SONY) tops FQ3 estimates, cuts PlayStation 5 sales outlook; shares rise

February 14, 2024 4:57 AM EST

Sony Group (NYSE: SONY) reported better-than-anticipated revenue and operating profit for the fiscal third quarter while cutting the full-year PlayStation 5 sales outlook.

The companys shares fell 0.5% in Tokyo while its US-listed stock rose 3% in premarket trading.

For the December quarter, Sony generated 3.75 trillion Japanese yen ($24.9 billion) in revenue,... More