[Featured Stock] Krafton Rises on Strong Earnings Outlook

Krafton is on the rise from the early market session. This is interpreted as an expansion of investor sentiment due to the forecast of annual operating profit surpassing 1 trillion won.

As of 9:07 AM on the 18th, Krafton is trading at 344,000 won, up 2.84% (9,500 won) compared to the previous day.

SK Securities raised the target price for Krafton from 380,000 won to 420,000 won, citing a growth trend in earnings. Nam Hyoji, a researcher at SK Securities, estimated Krafton's Q3 sales this year at 673.7 billion won and operating profit at 277.8 billion won, representing increases of 49.6% and 46.8% respectively compared to the same period last year.

Researcher Nam analyzed, "Overall, based on higher traffic compared to last year, content updates and collaboration effects are prominent, leading to continued high growth in sales."