Your analyst lowered the target price from the previous 3.3 million won to 2.4 million won today.
The reason is that the operating profit margin for 2027 was expected to be 80%, but based on the current standard, it is expected to end at the same level of 60% as in 2026. In addition, there is a forecast of market share decline due to the increase in Samsung Electronics' HBM4 yield and sales.
The analyst also presented a target price for Samsung C&T today, raising it from 400,000 to 450,000. The reason is the same as above.
Although most reports still present target prices of over 3 million won, the rationale for presenting 2.4 million won is not unreasonable at all, so it is necessary to watch future reports.
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Additional:
For those who are curious, I have attached the two reports mentioned.
