[Click e-Stock] "YG Entertainment Target Price Cut Despite All Artists Resuming Activities"

by Oh Kuemin

Published 15 Apr.2026 06:01(KST)

IBK Investment & Securities Removes Assumption of BLACKPINK Encore Concert

On April 15, IBK Investment & Securities maintained its "Buy" investment rating on YG Entertainment but lowered its target price to 70,000 won.

Kim Yu-hyuk, a researcher at IBK Investment & Securities, stated, "We are lowering the target price by 30% from the previous 100,000 won to 70,000 won." He added, "The estimate was revised downward due to the removal of the assumption regarding BLACKPINK's encore concert."

[Click e-Stock] "YG Entertainment Target Price Cut Despite All Artists Resuming Activities"

The decrease in the number of BLACKPINK concerts is expected to affect the company's performance in the first quarter of this year as well. He predicted that YG Entertainment would post sales of 135.4 billion won and an operating profit of 18.6 billion won, which would slightly fall short of the market consensus of 20.8 billion won in operating profit. He explained, "First-quarter results reflect BLACKPINK's new album (1.78 million copies), TREASURE's Asia tour (160,000 attendees), and BABYMONSTER's fan concert (23,000 attendees). However, the number of BLACKPINK concerts decreased from 12 in the fourth quarter of last year to 6 in the first quarter of this year, which is the main reason for the shortfall versus expectations."

However, he added that all affiliated artists are expected to begin activities in the second half of the year, which should drive performance improvement. BABYMONSTER will release a mini album in May, a second world tour in June, and a full album in October. For the world tour, the regions will expand beyond North America to include South America, Europe, and Oceania. TREASURE will finish its ongoing Asia tour, release a mini album in June, conduct unit activities in the second half, and has a tour planned for next year. BIGBANG is also expected to hold a world tour in the second half of the year.

YG Entertainment has also announced the debut of a new boy group in September, which will be the first such debut in six years since TREASURE. Researcher Kim said, "We expect abundant momentum that will drive both improved performance and better investment sentiment in the second half of the year."