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Sony Group (SONY) Ranked Among Top Global Buys Despite TD Cowen Price Target Cut

Sony Group Corporation retains a 'Buy' rating from Wall Street analysts despite TD Cowen lowering its price target to $29. The Japanese conglomerate recently raised PS5 prices by $100 to combat memory cost surges, though analysts view the impact as minimal for the console cycle.

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Sony Group Maintains Strong Analyst Standing Amid Market Shifts

Sony Group Corporation (NYSE: SONY) has secured a spot among the "10 Best Global Stocks to Buy According to Wall Street Analysts." The multinational electronics giant designs, develops, produces, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets globally.

Recent Analyst Adjustments

On April 14, TD Cowen adjusted its outlook on Sony Group Corporation (NYSE:SONY), trimming the price target from $34 to $29. Despite this reduction, the firm maintained a 'Buy' rating on the shares. The analyst noted that even with the lowered target, the stock still indicates an upside of over 39% from current levels.

Pricing Strategies and Market Challenges

In response to economic pressures, Sony Group Corporation (NYSE:SONY) recently increased the price of its PS5 console by $100. This move was designed to offset an unprecedented surge in memory prices driven by the AI boom. However, TD Cowen assessed that the impact of this price hike should be "pretty minimal" given how deep into the console cycle the market currently is.

The analyst firm highlighted a different concern: soaring memory costs could present a more significant challenge for Sony's image sensor business. The report suggests that rising smartphone prices might lead to reduced overall unit volumes in that sector.

Broader Investment Context

Sony Group Corporation (NYSE:SONY) was also recently featured on a list of the "7 Best Strong Buy Asian Stocks to Invest in." While acknowledging SONY's potential as an investment vehicle, the source notes that certain AI stocks may offer greater upside potential with less downside risk. For investors seeking undervalued AI opportunities benefiting from Trump-era tariffs and onshoring trends, a free report on short-term AI stocks is available.

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Is Sony Group (SONY) Among the 10 Best Global Stocks to Buy According to Wall Street Analysts?

Published: Apr 23, 2026

Disclosure

This article is based on third-party reporting. Budget Nerd does not guarantee completeness or accuracy and is not responsible for external source content.

Sony Group (SONY) Ranked Among Top Global Buys Despite TD Cowen Price Target Cut | Budget Nerd