[Click eStock] "Shift Up Faces New Title Gap"
On August 12, Daishin Securities analyzed that future earnings from "Goddess of Victory: Nikke" will influence Shift Up's stock price.
Lee Jieun, a researcher at Daishin Securities, stated, "The summer update for the global version of 'Goddess of Victory: Nikke' is receiving a positive response," but added, "The performance in China appears to be stabilizing at a lower level." She continued, "Market expectations for operating profit in the third quarter of this year are reflecting the performance of 'Goddess of Victory: Nikke' in China," and described these expectations as "burdensome."
She emphasized, "We plan to begin communicating about the development direction and information regarding new titles starting in the second half of this year," and added, "With new releases scheduled for after 2027, there will be a prolonged gap period."
Lee explained, "We are lowering our target price to 55,000 won, a 24.7% reduction from the previous target," and attributed this adjustment to the downward revision of earnings per share (EPS) forecasts following the release of two new titles in the second quarter of this year.
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