[Featured Stock] NCSoft Drops 8% Following Goldman Sachs' 'Sell' Opinion

NCSoft's stock price is falling more than 8% following a sell rating issued by global investment bank Goldman Sachs.

As of 10:41 AM on the 10th, NCSoft is trading at 199,300 KRW, down 8.79% (19,200 KRW) from the previous trading day.

This is attributed to Goldman Sachs' sell rating on NCSoft issued the previous night. In its report, Goldman Sachs stated that NCSoft's stock price is overvalued and lowered its target price to 170,000 KRW from the previous level.

Goldman Sachs commented, "Although TL showed initial performance, users may leave due to PvP (player versus player)-focused game content," and added, "TL is unlikely to significantly improve NCSoft's overall earnings."

However, domestic securities firms presented a different perspective. NCSoft released the global version of 'Throne and Liberty (TL)' on the 1st. Positive early user metrics for TL have recently supported a strong stock price.

Accordingly, NH Investment & Securities raised its target price from 220,000 KRW to 280,000 KRW, and Hyundai Motor Securities increased theirs from 230,000 KRW to 260,000 KRW.