SMBC Nikko Securities raised the target stock price of SoftBank Group to 8,500 yen.

SMBC Nikko Securities has raised its target price for SoftBank Group from 5,200 yen to 8,500 yen to reflect the recent increase in the stock price of ARM Holdings, in which SoftBank holds approximately 90% of the shares. Analysts at SMBC Nikko Securities say that the IPO of OpenAI will also help reduce the long-standing discount in the valuation of this Japanese company.