A Record Increase is Predicted for Sony Corp Shares

Sony Corp. (SNE) stocks may increase by 30% and reach a record price, as experts forecast record profit for the company.

Investors’ interest in the Japanese, technology giant Sony Corp. is rising due to the fast-growing gaming business of PlayStation, which can take the company’s revenues to a new record level.

On Friday, the forecasted level of Sony stock prices rose by $71.43, which indicates an increase by more than 27% compared to the opening price on Monday. Last month, Credit Suisse raised its forecast for stocks from “neutral” to “leading”.

Amid the predicted growth, the real value of the company’s stocks is also rising. Sony Corp. stock prices have already increased by 22% according to the results of the current year. At the same time, the analysts of the company Nomura note that the current Sony Corp. stock chart reflects the success of not only the gaming industry (PlayStation), but also successes of the company in the film industry (Venom).

A negative factor for the growth of stocks was the strong dollar, which led to a significant increase in the value of some components used by equipment manufacturers. However, the Sony Corp. stock chart indicates a rapid rise in the value of the company's securities.

The gaming business, which accounts for more than 24% of total revenue, rose by 35.6% year over year in three months. The business segment of the company responsible for the production of components for cameras of leading smartphones, also did its best and brought revenues, which exceeded expectations, to the corporation.

This situation at Sony Corp. led to even greater expectations. Experts believe that Sony Corp. stocks will keep the current pace of growth. Nevertheless, there are still some risks for investors. High competition in the market of smartphone manufacturers and their components may negatively affect the Sony Corp. stock chart. Before the opening of markets, one could buy Sony Corp. stocks at the price of $54.06 per unit. Accordi ng to the results of today's trading session, stocks fell by 1.41%.