[Featured Stock] 'Furontie Expected to Benefit from Tesla Robotaxi' Up 7.60%

The stock price of Furontier, a manufacturer of sensing camera process equipment for autonomous vehicles, is on the rise alongside the demand recovery outlook from its major client, Tesla. As of 11 a.m. on the 20th, Furontier was trading at 22,650 KRW, up 1,600 KRW (7.60%) from the previous trading day.

On the same day, Meritz Securities commented on Furontier, stating, "We focus on the fact that from next year, Tesla will launch the low-priced Model 2 and Model Y facelift, expand Cybertruck mass production, and update hardware with AI5. Compared to last year, new orders are expected to increase again from the second half of this year," maintaining a buy rating. The target price was set at 31,000 KRW.

Researcher Yang Seung-su of Meritz Securities said, "The fundamental reason for the decline in new orders this year is the reduction in investment due to weak demand from clients. If demand recovers, aggressive investment is likely to resume once again," adding, "The client's robo-taxi unveiling on the 10th of next month and the launch of the low-priced model next year are considered significant events that could trigger a demand rebound."