[Featured Stock] Shift Up's Q2 Pre-Orders for Nike China Launch Surge... Strong Short-Term Momentum Upward

Shift Up is showing strong momentum. This is interpreted as being influenced by the analysis that a powerful short-term momentum is expected as the number of pre-registrations is rapidly increasing ahead of the anticipated launch of Nike in China around April to May.

As of 9:41 AM on the 17th, Shift Up is trading at 58,700 KRW, up 3.16% compared to the previous day.

Im Hee-seok, a researcher at Mirae Asset Securities, stated in a report on the same day, “We are raising the target price of Shift Up from the previous 95,000 KRW to 98,000 KRW,” and analyzed, “The stock price had excessively declined due to the issue of minority executive share sales, entering an attractive range.”

He added, “With the imminent launch of Nike in China expected around April to May, the number of pre-registrations is surging, indicating a strong short-term momentum,” and forecasted, “As Tencent’s marketing for Nike intensifies, the daily number of pre-registrations exceeded 100,000 as of last weekend, and the target of 8 million will be easily achieved.”