Samsung Electronics Falls to 275,750 Won as Kiwoom Cuts Target Price to 390,000 Won; KB Securities Raises to 600,000 Won

According to The Fact, on July 8, Kiwoom Securities cut Samsung Electronics' price target from 430,000 to 390,000 Korean won, citing slowing memory price gains and slower earnings growth expected from the second half. KB Securities took the opposite view on the same day, raising its target price from 550,000 to 600,000 won, citing expanded global AI investment driving memory demand.

Samsung's stock fell 6.84% to 275,750 won as of 2:48 p.m., extending losses from a 6.92% decline the previous day. Kiwoom maintained a buy rating and top-pick status among semiconductor stocks, while KB Securities also kept its buy recommendation.