Rakuten Group rating kept at neutral by major Japanese brokerage, target price lowered to 840 yen

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Summary · why it matters

A major Japanese brokerage on July 6 kept its rating on Rakuten Group at neutral and lowered its target price from 890 yen to 840 yen. As of the previous day, the rating consensus among 10 analysts stood at 3.9, indicating a moderately bullish view, with a target price consensus of 918 yen.

Impact on assets 1

Digital Finance & Tokenization▼
Rakuten Group, Inc.
4755
▼ NegativeCapitalrelevance

Target price lowered from 890 to 840 yen by a major brokerage, indicating a less favorable valuation view.