Sony Group Corporation (NYSE: SONY) is considered one of the best augmented reality stocks to buy, with a consensus Moderate Buy rating and a $34.00 price target. Analysts at Goldman Sachs raised their price target to $34.75 due to robust second-quarter operating profit growth and a $648 million share buyback.

The Japanese technology giant reported a 10% year-over-year increase in operating profit in the second quarter, totaling $2.76 billion. Sony Group Corporation expects an 8% increase in full-year operating profit and raised its revenue projection by 3%, driven by imaging and sensing solutions and the music segment.

TD Cowen analyst Doug Creutz reiterated a Buy rating on Sony Group Corporation with a $34 price target following strong second-quarter results and optimistic guidance. Sony is a technology company focused on developing AR enabler technologies like Micro-OLED and OLED microdisplays for AR/VR headsets and smart glasses.

While Sony is a strong investment option, some AI stocks may offer greater upside potential with less downside risk. Consider exploring undervalued AI stocks that could benefit from current economic trends.

Read more at Yahoo Finance: Sony Group Corporation (SONY) is a Buy amid Robust Operating Profit Growth and Buyback Program