SoftBank Group stock: Jefferies lifts target after sell-off

Jefferies upgraded SoftBank Group from Underperform to Hold and raised its price target to JPY 7,270 from JPY 3,140, according to a Reuters-sourced Investing.com report published on Thursday, October 29, 2026. Analyst Atul Goyal said the shares now trade near Jefferies' revised net asset value after the sell-off.

Valuation reset drives the upgrade

The target change represents a substantial reset in Jefferies' valuation view. The report said the upgrade was based on lower downside risk after the decline, rather than a new upside thesis for the Japanese investment and technology group.

Jefferies' assessment leaves the stock exposed to the performance of Arm Holdings, a major asset in SoftBank's portfolio. A stronger Arm share price would support the group's valuation, while a decline would add pressure. The report also highlighted SoftBank's concentrated investments in artificial intelligence as a downside risk.

Risks remain tied to portfolio assets

The report said Arm remained above USD 200 at the time of the analyst note, helping to reduce financing risk for SoftBank Group. At the same time, the company carries significant debt, making the performance of its listed and private technology holdings important for investors assessing balance-sheet risk.

SoftBank Group's next scheduled results are due on Tuesday, November 10, 2026, according to the investor-relations calendar referenced in the company's recent coverage. The earnings release should give investors a fresh view of investment gains, financing requirements and the contribution of its technology portfolio.

SoftBank Group stock traded at 25.32 euros on Lang & Schwarz at 09:44:13 Berlin time on Friday, October 30, 2026. The real-time quote of SoftBank Group stock reflects the available Lang & Schwarz market indication.

Japan's Nikkei 225 provides the relevant broader market context for investors following SoftBank Group.

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