On Saturday, UBS has increased its price target for Softbank (OTC:) Group Corp. (9984:JP) (OTC: SFTBY) shares to ¥15,000 from the previous ¥13,700, while keeping a Buy rating on the stock. The adjustment follows remarks made by Softbank’s Chairman and President Masayoshi Son at the company’s general shareholder’s meeting on June 21.
During the meeting, Son drew parallels between his vision and the impact of Apple (NASDAQ:) founder Steve Jobs, who aimed to change people’s lifestyles. Son outlined his own mission as human evolution, emphasizing his goal to achieve Artificial Super Intelligence (ASI). He suggested that ASI, which would surpass the capabilities of Artificial General Intelligence (AGI), could be up to 10,000 times smarter than humans and is expected to emerge within the next decade.
Son’s ambitious vision for Softbank underlines the company’s focus on pioneering advancements in artificial intelligence. The firm’s commitment to this technological frontier is reflected in the updated price target, signaling confidence in Softbank’s direction and future prospects.
The new price target represents an analyst’s expectation of the company’s stock performance, based on the potential growth and strategic initiatives outlined by the company’s leadership. Softbank’s pursuit of ASI indicates a forward-looking approach that could potentially reshape various industries and consumer experiences.
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