SeoulMarkets · tag
target price
3 stories tagged “target price”, each from official Korean data with its source and timestamp.
One broker's target price fell 75 percent overnight. It was a stock split, not a downgrade.
Of 53 target-price revisions filed on September 21, one showed a 75% overnight cut. The company's shares had been split 4-for-1 five weeks earlier — the number was arithmetic, not a bearish call.
In Korea, the brokers that promise the most upside hit their targets the least
Score 19,495 broker targets against the stock a year on and a pattern appears: the more upside a house promised, the less often it was reached — a −0.46 correlation. Hanwha aimed for 45% and hit 17%; DB aimed 29% and hit 49%.
Korean brokerages' price targets are met about one time in five
Score every target against the stock twelve months later. Across 19,495 rated reports, 21.6% of price targets were reached. Brokers promised 38% upside on average; the shares delivered 10%.