Sony Group: Spider-Man Lights Up Q2, But Digital Gaming Transition Is The Real Story

Sony Group is reiterated as a Buy with a $33.51 price target, supported by blockbuster film releases and resilient Music segment growth. SONY's Pictures segment is poised for durable revenue growth, driven by Spider-Man: Brand New Day's projected $2b ticket sales and a strong upcoming film slate. Transitioning to fully digital gaming poses a consumer backlash risk, particularly among Gen Z, potentially dampening Gaming & Network Services segment growth.