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OBIC Extends Three-Day Rally on Maintained Buy Rating from Major Domestic Broker

Tue Apr 7, 2026 3:10 pm JST Catalyst

OBIC <4684> extended its gains for a third consecutive session. On the 6th, Daiwa Securities maintained its top rating of "1 (Buy)" on its five-point scale for OBIC shares, with a target price of \4,900 (revised down from \5,600). The brokerage expects the company's consolidated operating profit for the fiscal year ending March 2026 to slightly exceed management guidance.

While the stock came under pressure amid the global "death of SaaS" narrative, Daiwa views OBIC as one of the long-term survivors and structural growth companies in the sector. That said, the firm acknowledges that clearing the negative sentiment and misconceptions surrounding the theme will take time, and sees the period following the first-quarter earnings announcement as a potential catalyst for a re-rating.

Source: MINKABU PRESS

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