SoftBank (OTCMKTS:SFBQF) Stock Price Up 2.9% – Still a Buy?

SoftBank Corp. (OTCMKTS:SFBQF) shares were up 2.9% on Tuesday . The company traded as high as $1.58 and last traded at $1.5080. Approximately 68,376 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 50,440 shares. The stock had previously closed at $1.4660.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded SoftBank to a “buy” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

SoftBank Stock Down 5.4%

The company’s 50 day moving average is $1.39 and its 200 day moving average is $1.36.

SoftBank Company Profile

SoftBank Group Corp., trading in the U.S. as OTCMKTS:SFBQF, is a Japan‐based multinational conglomerate holding company with a diversified portfolio spanning telecommunications, internet services and technology investments. Established in 1981 by Masayoshi Son, the company began as a software distributor and quickly expanded into mobile communications, broadband and fixed‐line services through its flagship subsidiary, SoftBank Corp. Today, it operates one of Japan’s leading 5G networks and offers IoT, cloud and AI solutions to both consumer and enterprise customers.

Beyond its core telecommunications operations, SoftBank has garnered global recognition for its aggressive investment strategy in emerging and high-growth technology sectors.