Hana Securities raised its target price to 196,000 won from 171,000 won on the 3rd, saying POSCO
Hana Securities increased its target price for POSCO Future M to 196,000 won, citing expected earnings growth from lithium iron phosphate anode shipments. The company's Q3 operating profit rose 23% YoY to 82.1 billion won, driven by one-time profits. Hana forecasts Q4 profit to drop 79% QoQ but remain positive YoY, with LFP shipments starting in earnest. The analyst notes high corporate value but warns of growth expectations already priced in.
How this was made
The 30-second read
Why it matters
The upgrade suggests near‑term upside but also flags valuation risk, guiding traders to weigh price targets against fundamentals.
Market read
Analyst target raise could trigger buying interest in POSCO and related battery material stocks.
What to watch
Potential slowdown in LFP pricing and competition from Chinese suppliers could temper upside.
Background
Hana Securities highlighted one‑time profit items and a rebound in LFP cathode shipments, while warning that the stock may be overvalued.
Market effects
Positive for the Korean steel and battery materials sector as POSCO Future M's LFP cathode outlook improves.
May boost sentiment toward Korean industrial stocks in the short term.
Limited to investors tracking EV battery material supply chains.
Counterpoint
The high valuation already priced in growth, so the target raise may be modestly overstated.
Key entities
- companyPOSCO Future M
Subsidiary of POSCO producing cathode materials for EV batteries.
- analystHana Securities
Research firm that raised the target price.
