Susquehanna analyst Mehdi Hosseini downgraded Samsung to Neutral from Positive with a price target of KRW 83,000, down from KRW 90,000. The analyst says the recovery in memory alone is not sufficient for Samsung to meet current consensus estimates. The firm believes it is time for Samsung to change strategy as its key business units outside of memory are failing to drive reasonable growth and operating margins.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See today’s best-performing stocks on TipRanks >>
Read More on SSNLF:
- Micron collaborates with Samsung on Galaxy S24 series
- FDA warns against using smartwatches to measure blood glucose levels
- Navitas Semiconductor powers Samsung Galaxy S24 with integrated AI
- Samsung collaborates with Arm on optimized next-gen Cortex-X CPU
- Nintendo Switch to ditch OLED for LCD panels, DigiTimes reports