Sony (SONY) Stock Forecasts for 2023: Possible upside potential is 66%

Sony is a Japanese technology corporation. The company was founded on May 7, 1946. The headquarters is located in Tokyo. Sony Corporation specializes in the production of smartphones, headphones, TVs, game consoles, various home and professional high-tech electronics. Among the new drivers of growth are the production of semiconductors, the development and production of electric vehicles. Sony also plans to invest in the metaverse. At the end of 2022, the PlayStation VR2 virtual reality helmet will go on sale.

Let’s take a look at Sony (SONY) stock price targets and analyst forecasts for 2023. Analysts believe that Sony (SONY) stock will reach $134 over the next 12 months. On July 6, Sony (SONY) stock are trading at $81. The possible upside potential of the stock is 66%. On 06/29/2022, JP Morgan analysts released the latest price target for Sony (SONY) stock at $118.35 over the next 12 months. Most analysts recommend buying Sony stock.