[Feature Stock] Naver Rises for Four Consecutive Days... Climbs to Sixth in Market Capitalization

Naver has continued its upward trend for four consecutive days, rising to become the sixth-largest company by market capitalization.

As of 9:40 a.m. on June 23, Naver was trading at 276,500 won on the Korea Exchange, up 7,000 won (2.60%) from the previous session. During the session, the price climbed as high as 279,500 won, setting a new 52-week high. Naver overtook Hyundai Motor during trading to claim the sixth spot in market capitalization.

Naver has been repeatedly reaching new 52-week highs recently, buoyed by momentum in artificial intelligence (AI) and stablecoin initiatives. Securities firms are also raising their target prices in response to these positive prospects. On this day, NH Investment & Securities raised its target price for Naver from 280,000 won to 380,000 won. Ahn Jae-min, a researcher at NH Investment & Securities, explained, "The new policies of the Lee Jaemyung administration are expected to have a positive impact across Naver's advertising, commerce, AI, and fintech businesses," adding, "We anticipate both benefits and earnings growth as a result."

Hana Securities also raised its target price for Naver from 270,000 won to 320,000 won. Lee Junho, a researcher at Hana Securities, stated, "As policies related to sovereign AI, such as the proposal of the Special Act on AI Powerhouse, become increasingly tangible, Naver's capabilities in proprietary large language models (LLM) and public cloud services are expected to stand out." He also noted, "Naver is demonstrating competitiveness in the emerging hegemony of stablecoins as well."