[Click e-Stock] "Wemade, New Release 'Night Crow' Performance Up... Target Price Raised"

NH Investment & Securities on the 14th raised the target price of game company Wemade from 75,000 KRW to 85,000 KRW. This adjustment comes as expectations for performance have increased due to the strong global market results of the new blockchain version game "Night Crow."

Analyst An Jae-min of NH Investment & Securities stated in a report on the same day, "As of 8 PM the previous day, Night Crow ranked 2nd in Apple sales rankings in Taiwan, Hong Kong, Thailand, and Indonesia," adding, "It ranked within the top 10 in 13 countries worldwide and within the top 100 in 44 countries."

Researcher An estimated, "With the rapid increase in Night Crow users, the number of servers was increased from 24 to 51 in just one day, and considering this, the number of concurrent users is expected to easily exceed 250,000," further stating, "It could surpass the highest number of servers, 140, of the previous hit Mir4."

He added, "In addition to Night Crow, multiple anticipated titles such as 'Fantastic4Baseball' in March, 'Mir4 (China)' in the second quarter, 'Legend of Mir' in the third quarter, and 'MirM (China)' in the fourth quarter are expected to help recover performance," and predicted, "Although Night Crow's revenue contribution will be small in the first quarter and operating losses are inevitable due to initial marketing expenses, operating profit is expected to turn around to 108 billion KRW this year."

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