Samsung Electronics' stock price is weak in early trading on the 17th. This is interpreted as sell-offs are piling up as securities firms consecutively lowered Samsung Electronics' target price.
As of 9:28 a.m. on that day, Samsung Electronics is trading at 54,600 won, down 1,000 won (1.80%) from the previous trading day. Since October 15 (closing price 61,000 won) this year, Samsung Electronics has continued to hover around the 50,000 won range.
On that day, Hanwha Investment & Securities lowered its target price for Samsung Electronics from 90,000 won to 73,000 won. Kim Kwang-jin, a researcher at Hanwha Investment & Securities, noted, "The current stock price is indeed at the lower end of the historical band, but the traditional demand sources where Samsung Electronics has strengths are experiencing intensified weakness, and there is no confirmation of competitiveness in the artificial intelligence (AI) market." He analyzed that a substantial stock price rebound may require some time.
Daol Investment & Securities also reduced its target price from 93,000 won to 77,000 won. The downward revision of the expected average selling price (ASP) for DRAM and NAND has led to a downward revision of next year's operating profit estimate to 38.7 trillion won from the previous estimate.
Ko Young-min, a researcher at Daol Investment & Securities, said, "Due to the weak set demand related to mobile and display, the overall performance momentum is weak. Depending on the on-device AI effects in the second quarter of next year and the ASP increase of general products, the performance recovery across all institutional sectors will be strongly reflected."