Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI
Goldman Sachs has cut its 12-month KOSPI target by 25%, to 9,000 from 12,000. The new figure returns the bank to where it stood before its June 3 upgrade. The bank estimates chip valuations now imply a 65% fall in 2027 sector earnings. It calls that view excessively pessimistic. Samsung Electronics and SK Hynix report The post Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI appeared first on BeInCrypto.
Key Takeaways
- Goldman Sachs has cut its 12-month KOSPI target by 25%, to 9,000 from 12,000.
- The new figure returns the bank to where it stood before its June 3 upgrade.
- The bank estimates chip valuations now imply a 65% fall in 2027 sector earnings.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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