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Investing.com - Jefferies raised its price target on Samsung Electronics Co Ltd. (KS:005930) (OTC:SSNLF) to KRW110,000 from an unspecified previous target while maintaining a Buy rating.
The 22.2% increase in the price target reflects Jefferies’ upward revision of Samsung’s 2025 and 2026 net profit estimates by 16.1% and 24.4% to KRW34 trillion and KRW52 trillion, respectively.
Jefferies cited a "recent surge in memory chip demand" as the primary driver behind its more optimistic outlook for the South Korean technology giant.
The investment firm expects Samsung’s second-half 2025 operating profit to reach KRW20.8 trillion, representing a 33% year-over-year increase with a 12.6% operating profit margin.
Jefferies noted this would be Samsung’s highest operating profit since the second half of 2021, when the company reported KRW29.6 trillion, and identified Samsung as its "top KOSPI pick."
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