KB Securities on the 27th analyzed that Samsung Electronics' annual operating profit this year will reach 162 trillion won. It also maintained its investment opinion at "buy (BUY)" and raised its target price to 240,000 won from 200,000 won. The previous trading day's closing price of Samsung Electronics was 152,100 won.
Kim Dong-Won, head of research at KB Securities, said, "As prices of DRAM and NAND are expected to rise 107% and 90%, respectively, Samsung Electronics' operating profit is forecast at 162 trillion won, up 272% from a year earlier." By quarter, operating profit was seen at 30 trillion won for the first quarter and 39 trillion won for the second quarter.
In the second half, demand is expected to surge for the storage device ICMS to be adopted in Nvidia Vera Rubin. Deputy Minister Kim said, "In 2027, Nvidia's standalone demand alone will account for about 10% of total global NAND demand," adding, "Samsung Electronics' NAND wafer production capacity is expected to fall 5% from a year earlier this year due to conservative line operations, so the NAND market is highly likely to see a worsening supply shortage driven by structurally rising demand."
Accordingly, Deputy Minister Kim said he raised his operating profit forecasts for 2026 and 2027 to 162 trillion won and 183 trillion won, respectively, up 12% and 11% from before, and reflected this by raising the target price by 20%.