JPMorgan analyst Jay Kwon downgraded Samsung (SSNLF) to Neutral from Overweight with a price target of KRW 60,000, down from KRW 83,000. Legacy DRAM pricing risks appear stronger than initially expected, leading JPMorgan to believe memory shares will be under pressure in the near term, the analyst tells investors in a research note. The firm expects the upcoming consensus earnings cut cycle to be lagging and have a limited impact on share prices, however, As investors look into a 2026 recovery, memory stocks should gradually bottom and offer a better re-entry point, contends the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSNLF:
- India’s CCI asked court to expedite Amazon, Flipkart challenges, Reuters says
- Netlist secures final judgment against Samsung, $118M in damages
- Samsung names Young Hyun Jun as head of memory chip unit, co-CEO
- Netlist wins $118M in second patent infringement trial against Samsung
- Game On: Sony reportedly in talks to acquire Kadokawa