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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities raised its target stock price, saying that Kakao-related negative factors have already been reflected in stock prices and the worst phase seems to have passed.
"The stock prices of Internet companies, the representatives of growth stocks, are rebounding as expectations for a rate cut have been reflected, and concerns that have affected Kakao's stock prices over the past few months are being resolved little by little," NH Investment & Securities said on the 21st. "I think the worst phase has passed in that we are preparing to revamp the company's management under the appointment of a new CEO and founder Kim Bum-soo."
NH Investment & Securities said, "The worsening investor sentiment is largely reflected in the stock price and it is time to expect recovery. Based on this, we raised the target price by about 19.3% from 57,000 won to 68,000 won. Next year's annual sales and operating profits are expected to grow by 15.5% and 20.8%, respectively. "He said.
However, researcher Ahn explained, "The trial of SM Entertainment's stock price manipulation is still under way, and concerns such as the government's attempt to enact platform regulations still exist."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
