LG Electronics’ stock price exceeded the securities firms’ target price by 56%
The KOSPI surged in the short term, and some stocks have already surpassed securities firms’ target prices. Among the companies surveyed, 231 exceeded their target prices, and LG Electronics’ closing price was 18% higher than its target price.56.png
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![LG Electronics’ stock price exceeded the securities firms’ target price by 56%/blog-images/gen-d9003ee3-1676-4be3-9625-e39a2f978ed9.jpg)
Recently, the KOSPI surpassed the 8,900 mark for the first time ever. As the short-term surge continued, some stocks had already exceeded securities firms’ target prices. Rapid revaluation is under way, centered on leading stocks.
According to FnGuide, a financial information provider, the comparison covered 231 companies for which securities firms had provided target prices. The survey found that stocks of 18 companies had exceeded the average target price set by securities firms. The survey was conducted by comparing the average target price with the closing price.
The proportion that exceeded the target price was about 8% of the total. Only a small number of stocks exceeded their target prices. Market attention showed a partial shift from profit-taking centered on leading stocks toward undervalued stocks.
The stock with the highest rate of exceeding its target price was LG Electronics. LG Electronics’ closing price on1the day was38ten thousand500won. The average target price among securities firms was16ten thousand6750won.
The closing price was %56higher than the average target price. Reports that Nvidia CEO Jensen Huang would visit Korea and might meet with LG Group Chairman Koo Kwang-mo were cited as related news. In addition, some investor interest was observed shifting toward stocks classified as undervalued.
Sources: 파이낸셜뉴스 증권
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.