YG Entertainment target cut to 76,000 won as Q3 momentum draws attention

Hana Securities said on the 11th that it lowered its target price for YG Entertainment from 80,000 won to 76,000 won, reflecting the recent derating trend, or decline in valuation. The revision appears to incorporate changes in market assessment of the entertainment sector and the company. However, Hana Securities noted that BigBang’s tour scheduled for the second half and momentum from a rookie debut remain, making the period from the third quarter worth investor attention. In the near term, the lower target price is a burden, but future earnings and confirmation of momentum are expected to be key to the stock’s direction. Source: mk.co.kr