SoftBank, founded by Masayoshi Son,(pic) has been reaching new highs as it recovers from challenges, such as the coronavirus pandemic and the meltdown of WeWork.
TOKYO: SoftBank Group Corp got the equivalent of a “sell” rating for the first time in more than four years after a surge in its shares pushed them beyond the price target for many analysts.
Dan Baker, an analyst with Morningstar Inc, downgraded the Tokyo-based company to two stars as its stock closed at 8,758 yen, the highest price since February 2000.
