Goldman Sachs says this global tech stock will soar as 'gaming-as-a-service' takes off

Investors seeking exposure to Japan's growing gaming industry should look at technology and entertainment behemoth Sony , according to Goldman Sachs. The Wall Street bank believes the Japanese tech giant is well positioned to capitalize on emerging trends like gaming-as-a-service and the rising popularity of anime. GaaS refers to video games with a continuing revenue model that are regularly updated with new content.

mountain Anime streaming The rising demand for streaming and cloud gaming services has led to several mergers and acquisitions in recent years. Most recently, Xbox-owner Microsoft closed its acquisition of video game publisher Activision Blizzard after a lengthy regulatory review . In addition, Goldman Sachs said there was significant growth potential for Crunchyroll, Sony's anime streaming service based in California, which it acquired in 2017.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Are Poised to Rise MondayThis week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla, Goldman, Netflix, Lockheed, TSMC, and More Stocks to Watch This WeekThird-quarter earnings season picks up this week with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson,...
Source: MarketWatch - 🏆 3. / 97 Read more »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCLA - 🏆 319. / 59 Read more »