LG Electronics Shares Jump 18% as Robotics Growth Story Lifts Target Prices

LG Electronics posted a double-digit share-price surge on May 12, according to the Korea Exchange. The key factor drawing market attention was its robotics business. As robotics emerged as a new growth engine replacing the role once associated with smartphones, investor sentiment strengthened. Securities firms reflected that expectation by raising target prices for LG Electronics into the 190,000 won range. The move shows that the growth potential of the robotics business is being viewed as a factor in the stock’s revaluation. The confirmed details are limited to the share surge, rising focus on robotics, and higher target prices. Source: mk.co.kr