Morgan Stanley sets JPY 5,500.00 target for Renesas stock
Published on 10/17/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming results
- Morgan Stanley set a JPY 5,500.00 target for Renesas Electronics on October 8, 2026.
- Revenue reached JPY 418.45 billion in the second quarter of 2026 versus JPY 325.53 billion a year earlier.
- Renesas stock closed at JPY 3,048.00 on October 16, 2026, up 1.13 percent on the Tokyo Stock Exchange.
- Renesas plans to announce third-quarter 2026 results on October 29, 2026.
Renesas Electronics (ISIN JP3164720009) is carrying a JPY 5,500.00 Morgan Stanley target, which stands 80.45 percent above the JPY 3,048.00 Tokyo price. Markets Insider reported the analyst action on October 8, 2026, while the underlying note maintained a Buy rating.
Revenue comparison in the second quarter
Renesas revenue reached JPY 418.45 billion in the second quarter of 2026, compared with JPY 325.53 billion in the year-earlier quarter. Net profit was JPY 149.18 billion for the period. Markets Insider cited the June 30, 2026 reporting period for both figures.
Price position through October 16
Renesas closed at JPY 3,048.00 on October 16, 2026, up JPY 34.00, or 1.13 percent, from the prior Tokyo close. Trading volume was 17,388,300 shares against an average of 12,793,608 shares. The 52-week range was JPY 1,753.00 to JPY 5,284.00, putting the close 42.32 percent below the high.
Valuation and October 29 results
The company had a market capitalization of JPY 5.6 trillion and a price-to-earnings ratio of 16.47 as of October 16, 2026. Renesas plans to announce its third-quarter 2026 financial results at 9:00 a.m. JST on October 29, 2026, according to its investor-relations page.
Comparison with peers
Renesas: plus 1.13 percent, P/E 16.47, market capitalization JPY 5.6 trillion
Sony (Tokyo Stock Exchange, JPY): plus 1.93 percent, P/E minus 105.91, market capitalization JPY 23.2 trillion
Advantest (Tokyo Stock Exchange, JPY): plus 0.55 percent, P/E 54.78, market capitalization JPY 25.0 trillion
Tokyo close sets the market frame
The October 16 close left Renesas below its yearly high while its valuation remained below Advantest's and its market value stayed far below Sony's. The next scheduled company event is the October 29 results announcement.
Renesas closed at JPY 3,048.00 on the Tokyo Stock Exchange on October 16, 2026 at 3:30 p.m. JST, up 1.13 percent on the day.
Renesas Electronics stock facts
- Company: Renesas Electronics Corporation
- ISIN: JP3164720009
- Ticker: 6723
- Primary exchange: Tokyo Stock Exchange
- Price Tokyo Stock Exchange (as of October 16, 2026, 3:30 p.m. JST): JPY 3,048.00
- Change on the day: plus 1.13 percent
- Market capitalization: JPY 5.6 trillion (as of October 16, 2026)
- 52-week range: JPY 1,753.00-5,284.00 (as of October 16, 2026)
- Sector / Industry: Technology / Semiconductors
- Next earnings date: October 29, 2026
Market context: Market report Nikkei 225.
