[Featured Stock] Samsung Electronics Hits New Low and Rebounds

Samsung Electronics succeeded in rebounding after hitting a new low.

As of 10:12 AM on the 14th, Samsung Electronics is trading at 51,000 won, up 400 won (0.79%) from the previous day. This marks a rebound after five days. After the market opened, the price fell to 50,200 won, setting a new 52-week low again, but then turned upward.

Kim Young-geon, a researcher at Mirae Asset Securities, said, "The recent stock price decline of more than 14% compared to the beginning of the month strongly reflects concerns about new entrants and an aggressive downward revision of demand forecasts," adding, "With an estimated 66% upside potential, it is reasonable to approach this from a 'buy' perspective at this point." Mirae Asset Securities lowered Samsung Electronics' target price from 110,000 won to 84,000 won.