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Investing.com - Nomura/Instinet raised its price target on Mizuho Financial Group (8411:JP) (NYSE:MFG) to JPY5,600 from JPY5,000 while maintaining a Buy rating on the stock. Currently trading at $5.59, the $69.15 billion financial giant appears overvalued according to InvestingPro analysis.
The price target increase follows Mizuho’s March 2025 results and reflects the research firm’s revised forecasts that anticipate stronger longer-term earnings for the Japanese financial institution. The company has demonstrated robust performance with a 24.88% revenue growth and maintains a healthy P/E ratio of 11.35.
Nomura cited Mizuho’s strong performance in client-facing operations, including business with large corporations in Japan and overseas, as key factors supporting the higher valuation.
The research firm also noted Mizuho’s steady progress in capitalizing on rising yen interest rates, along with changes in capital policy that include the resumption of share buybacks in fiscal year 2024.
Nomura suggested Mizuho’s stock could see long-term appreciation if investors focus on the company’s commitment to boosting corporate value through initiatives targeting EPS growth. InvestingPro subscribers can access additional insights, including 12 more ProTips and detailed financial health metrics that currently rate the company as FAIR with a score of 2.38.
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