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CASIO COMPUTER shares surge for third consecutive day as major domestic brokerage upgrades rating to 'buy'

Mon May 25, 2026 2:51 pm JST Catalyst

CASIO COMPUTER CO.,LTD. <6952> shares extended gains for a third straight day. SBI Securities raised its rating on the stock to "Buy" from "Neutral" on Friday, lifting its price target to 2,000 yen from 1,700 yen following Casio's latest earnings results and mid-term management plan. The brokerage raised its consolidated operating profit forecast for the fiscal year ending March 2027 to 27.5 billion yen from 25 billion yen, compared with the company's own guidance of 26 billion yen. For the timepiece business, the brokerage views the company's guidance as conservative, citing robust performance driven by the popularity of its ring watches and strong overseas brand recognition. Furthermore, while the mid-term plan targets an operating profit of 35 billion yen for the fiscal year ending March 2029, the brokerage projects an annual mid-term EPS growth rate of 16%.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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