[Click eStock] "JYP Entertainment, Album Sales Estimate Lowered... Target Price Down"

Daol Investment & Securities forecasted a performance trend of a low first half and a high second half for JYP Entertainment (JYP Enter) on the 18th, anticipating the release of albums from major intellectual properties (IP) in the second half of the year. Accordingly, they maintained a 'Buy' investment rating but lowered the target price to 67,000 KRW.

Kim Hye-young, a researcher at Daol Investment & Securities, stated, "We lowered the fair price as we revised down the album sales estimates."

Researcher Kim explained, "Typically, the first quarter is the off-season for entertainment companies, but JYP Enter had a concentration of comebacks in the first quarter, and the activities of IPs relatively decreased in the second quarter." She added, "The renewal of major IP contracts is approaching in 2025, and since sales dependence remains high, the success of the LOUD project debuting in the fourth quarter is crucial."