[Special Stock] Naver Hits New Intraday High... "Record-Breaking Performance Effect"

[Asia Economy Reporter Park Jihwan] NAVER reached a new intraday high on the morning of the 26th.

As of 10:05 AM that day, NAVER was trading at 458,000 KRW, up 1.33% from the previous trading day. Early in the session, it traded at 465,000 KRW, up 2.88%, setting a new intraday high.

The strong stock performance is attributed to record-breaking second-quarter earnings. NAVER announced on the 22nd that it recorded consolidated sales of 1.6635 trillion KRW and operating profit of 335.6 billion KRW in the second quarter of this year, both all-time highs.

Target price upgrades from securities firms are also continuing. IBK Investment & Securities raised NAVER's target price from 500,000 KRW to 560,000 KRW.

Lee Seunghoon, a researcher at IBK Investment & Securities, said, "Sales in the search platform segment maintain high growth due to the advancement of AI technology and synergy with commerce. Commerce is expected to sustain high growth as same-day delivery expands based on the fulfillment platform NFA and NAVER Pay's postpaid payment is applied."