On the 5th, CLSA, a foreign securities firm, raised its target price for Samsung Electronics from KRW 90,000 to KRW 110,000. On this day, Hana Financial Investment also raised the target price from 86,000 won to 111,000 won. The reason CLSA raised its target price for Samsung Electronics is that the average price is expected to rise as demand for DRAM semiconductors rises. Sangibrana CLSA researcher predicted that “DRAM prices will continue to rise until the first half of 2022. As demand increases in cloud computing, 5G smartphones, and automobiles, DRAM prices will rise by 15%.”
Researcher Lana said, “We have only entered the entrance to the semiconductor supercycle,” and predicted that “as in the past semiconductor supercycle, there is a possibility that Samsung Electronics’ stock price will continue to rise over the next few months before the price of DRAM rises.”
Kim Kyung-min, a researcher at Hana Financial Investment, also raised the target price of Samsung Electronics to 111,000 won due to lack of foundry supply. He said, “We have raised our target price by 29% by applying the PER valuation for each division.” In the stock market that day, Samsung Electronics closed at 83,900 won, up 1.08% from the previous day. The market cap was 50 trillion and 864.7 billion won, exceeding 500 trillion won for the first time in history.
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