[Featured Stock] Naver Proves Poshmark Acquisition Effect... Continuous Rally

NAVER has been showing strong performance day after day. This is interpreted as an improvement in investor sentiment following confirmation of the acquisition effect of North America's largest fashion C2C (consumer-to-consumer) community 'Poshmark' through the first quarter earnings.

As of 9:29 AM on the 9th, NAVER is trading at 213,000 KRW, up 2.90% compared to the previous trading day on the KOSPI market.

The stock price rose 3.62% immediately after the market opened, reaching 214,500 KRW.

Even on the day before the first quarter earnings announcement, NAVER showed strong performance, closing at 207,000 KRW, up 5.56% from the previous trading day.

NAVER announced that its consolidated operating profit for the first quarter of this year was preliminarily estimated at 330.5 billion KRW, an increase of 9.5% compared to the same period last year.

Lee Seonhwa, a researcher at KB Securities, analyzed, "The first quarter results of Poshmark were consolidated, continuing external growth centered on C2C commerce, and the depreciation period of major equipment was extended from 3 years to 5 years, resulting in a decrease in depreciation expenses."

Additionally, reflecting expectations for the launch of the next-generation super-large artificial intelligence (AI) 'HyperCLOVA X', the target price for NAVER was raised by 9.3% from the previous level to 295,000 KRW.

Jung Hoyoon, a researcher at Korea Investment & Securities, also said, "Poshmark achieved a positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) turnaround faster than initially expected starting this quarter (Q1)," adding, "Poshmark's rapid performance improvement is a key investment point for the second half of the year."

This content was produced with the assistance of AI translation services.