Street Calls of the Week
Investing.com - Goldman Sachs raised its price target on Samsung Electronics Co Ltd. (KS:005930) (OTC:SSNLF) to KRW109,000.00 from KRW96,000.00 while maintaining a Buy rating.
The price target adjustment follows Samsung’s release of its third-quarter 2025 pre-earnings guidance on October 14, which showed operating profit of KRW12.1 trillion, exceeding both Goldman Sachs’ estimate of KRW10.2 trillion and Bloomberg consensus of KRW10.0 trillion.
Goldman Sachs attributes the earnings beat primarily to higher-than-expected memory profit and smaller-than-anticipated foundry/LSI losses, noting the strong performance came without significant one-off gains.
The firm identified three main drivers for Samsung’s semiconductor business that could sustain earnings growth: conventional memory pricing recovery, HBM market share recovery, and reduction in foundry losses.
Samsung Electronics is expected to provide more detailed information during its earnings call scheduled for October 30, 2025.
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