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Investing.com - UBS raised its price target on Samsung Electronics Co Ltd. (KS:005930) (OTC:SSNLF) to KRW128,000 from KRW118,000 while maintaining a Buy rating on the stock.
The price target increase represents a 15% upside potential from current levels, according to UBS analyst commentary released Tuesday.
UBS has increased its forecasts for DDR contract pricing and now expects the DRAM upcycle to extend by another quarter into the first quarter of 2027.
The firm’s revised operating profit forecasts are 24% above consensus for 2026 and 15% above consensus for 2027, following Samsung’s recent results.
UBS believes Samsung shares will sustain their positive momentum despite ongoing uncertainty around High Bandwidth Memory (HBM) execution.
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