[Featured Stock] LG Innotek, Fourth Consecutive Day of Gains... New High
LG Innotek continued its upward trend for the fourth consecutive day, hitting a 52-week intraday high.
As of 9:20 a.m. on the 17th, LG Innotek was trading at 302,500 KRW, up 500 KRW (0.17%) from the previous day. During the session, it rose to 305,500 KRW, setting a new 52-week intraday high.
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Favorable earnings forecasts have been cited as a recent factor driving LG Innotek's stock strength. On the same day, NH Investment & Securities raised LG Innotek's target price from 330,000 KRW to 400,000 KRW, reflecting upward revisions in earnings estimates. Researcher Lee Gyu-ha of NH Investment & Securities stated, "North American customers are expected to become the world's largest smartphone manufacturer by 2025 through differentiated artificial intelligence (AI), the launch of mid-to-low priced models, and changes in form factors," adding, "Considering LG Innotek's mid- to long-term benefits, we have revised upward both earnings and target price." NH Investment & Securities raised LG Innotek's operating profit estimates for this year and next year by 11.6% and 12.8%, respectively, compared to previous estimates. The researcher also predicted, "There is a possibility of launching foldable smartphone products after 2026, so the earnings growth trend is expected to continue."
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