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Mirae Asset Cuts Samsung Electronics Target to 370K Won from 550K, SK Hynix to 280K Won, Both Down 33% Today

2026-07-29 07:09:49

Samsung Electronics-5.22%

According to Mirae Asset Securities, on July 29, Samsung Electronics' target share price was cut from 550,000 won to 370,000 won (~33% decrease), while SK Hynix was adjusted from 4.2 million won to 2.8 million won (same percentage). The firm maintained a 'buy' rating on Samsung despite the downgrade.

The cuts were attributed to the rise of Chinese memory manufacturers and weakening NAND flash supply conditions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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