kabutan

SoftBank Group rises sharply for fourth consecutive day as Arm stock surge prompts major domestic brokerage to raise target price to 8,500 yen

Tue May 26, 2026 12:43 pm JST Catalyst

SoftBank Group Corp. <9984> surged for a fourth straight day, hitting fresh all-time highs on a post-split basis for consecutive sessions. Buying persisted amid speculation over a potential U.S. listing for OpenAI. SMBC Nikko Securities raised its target price on the stock to 8,500 yen from 5,200 yen on May 25, maintaining its top rating of "1." The hike reflects the recent rally in Arm Holdings . OpenAI's assumed corporate valuation of 1 trillion dollars remains unchanged. The brokerage noted that OpenAI, which relies heavily on fundraising, appears to be targeting an IPO and adjusting its strategy for stock market scrutiny, a move that could narrow the valuation discount on SoftBank Group stock.

Source: MINKABU PRESS

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

Related Articles