[Featured Stock] Samsung Electronics Weakens Amid Securities Firms' Target Price Downgrades

Samsung Electronics' stock price is weak. It is interpreted that a selling trend is gathering as securities firms lower their target price for Samsung Electronics.

As of 10:19 a.m. on the 17th, Samsung Electronics is trading at 54,600 KRW, down 1.80% from the previous trading day.

On the same day, Daol Investment & Securities lowered Samsung Electronics' target price from 93,000 KRW to 77,000 KRW. Youngmin Ko, a researcher at Daol Investment & Securities, stated, "The short-term performance contribution of High Bandwidth Memory (HBM) remains low, and the price decline impact due to weak general demand is significant. Additionally, cost recognition in the foundry sector is still ongoing," adding, "Overall performance momentum is weak, linked to sluggish set demand in mobile and display sectors."

Hanwha Investment & Securities also lowered its target price from 90,000 KRW to 73,000 KRW. Kwangjin Kim, a researcher at Hanwha Investment & Securities, analyzed, "Although the current stock price is at the lower end of the historical band, the traditional demand sectors where Samsung Electronics has strengths are worsening, and there is no newly confirmed competitiveness in the artificial intelligence (AI) market," concluding that some time is needed before a full-fledged stock price rebound.