[Market Focus] Isu Petasys Soars as Brokerages Raise Target Prices

On November 17, Isu Petasys surged more than 13% in early trading. Investor sentiment appears to have recovered as major securities firms simultaneously raised their target prices.

As of 9:19 a.m. on the same day, Isu Petasys shares were trading at 125,900 won on the Korea Exchange, up 13.32% compared to the previous trading day. The stock opened at 117,900 won and continued to climb. At one point during the session, it soared to 127,900 won, marking a new 52-week high.

On this day, Park Hyungwoo, a researcher at SK Securities, stated, "Isu Petasys has significant upside momentum for its stock price next year, and with rising demand for new artificial intelligence (AI) accelerator products, further improvements in profitability and stock price increases are expected." He maintained a 'Buy' rating and raised the target price to 144,000 won.

Kiwoom Securities also raised its target price to 140,000 won, forecasting that the company will continue its high growth trajectory as increased production capacity and higher average selling prices (ASP) coincide.

Hana Securities likewise raised its target price for Isu Petasys from the previous 81,000 won to 140,000 won.