Celebrity

The reason why financial investment industry raises YG Entertainment’s target stock price 

The financial investment industry is raising YG Entertainment’s target stock price one after another. 

According to the financial investment industry on February 26th, Eugene Investment & Securities raised YG Entertainment‘s stock price by 7.89% from 76,000 won to 82,000 won. In addition, KB Securities and Meritz Securities respectively raised target stock prices by 6.85% and 5.80% from 73,000 to 78,000 won and from 69,000 won to 73,000 won.

YG Entertainment stock price

The upward revision of target stock prices is based on the analysis that stable 4Q earnings will continue this year. YG Entertainment‘s fourth-quarter sales and operating profit respectively rose by 6.7% and 144.3% compared with the previous year to 89 billion won and 13.2 billion won. This was significantly higher than the market forecast. Aside from the effect of Lisa who made her solo debut in September, the fact that YouTube sales were reflected as planned sales from the fourth quarter also contributed to the increase in earnings.

YG Entertainment stock price

This year’s profit improvement is expected to become steeper. This is because artists who have been on hiatus will make their comeback. Lee Hyun-ji, a researcher at Eugene Investment & Securities, said, “Last year, the artist lineup was sluggish, but all artists are expected to make their comeback and continue their active activities this year. Following Treasure, WINNER and iKON, BIGBANG and BLACKPINK will return as well as a new girl group is scheduled to debut in the second half of the year.”

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