SoftBank Seen Climbing 36 Percent as Son Clarifies Tech Vision
- Bernstein begins analyst coverage with an outperform rating
- Chris Lane draws comparisons with Buffett’s Berkshire Hathaway
SoftBank CEO Says Sprint, T-Mobile Deal Makes Sense
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Chris Lane thinks investors haven’t quite gotten their heads around what Masayoshi Son is trying to do at SoftBank Group Corp.
The Sanford C. Bernstein analyst just initiated coverage of the Japanese company with an “outperform” rating and a forecast that shares could rally 36 percent over the next year. Investors still see SoftBank as primarily a telecommunications company, he says, even though its core business is investing in technology.