Business · Companies · 3 hrs ago
Mirae Asset cuts Krafton target price by 22% as PUBG outlook weakens
Mirae Asset lowered its target price for game maker Krafton from 360,000 won to 280,000 won, a cut of about 22%.
The brokerage said a weaker sales outlook for PUBG, Krafton's main game, was behind the change.
It also sharply reduced its estimates for Krafton's earnings next year.
Mirae Asset sees potential in Krafton's use of AI, but said that does not yet outweigh the weaker near-term outlook.
It expects limited room for the share price to rise before the effect of new game releases takes hold.
The assessment points to new releases as a key factor in Krafton's outlook, though no release dates were given.
Mirae Asset Securities cut its target price for Krafton by about 22%, from 360,000 won to 280,000 won.
The brokerage lowered its earnings estimates for next year after reducing its revenue outlook for PUBG.
It said growth potential from artificial intelligence technology was positive.
It said the share price’s potential to rise would remain limited until the effects of new game releases become more substantial.
- Who
- Mirae Asset Securities lowered its target price for Krafton.
- What
- It cut the target from 360,000 won to 280,000 won, about 22%.
- When
- The article was published on October 21, 2026. It also refers to the 22nd, but the context is cut off.
- Where
- Not stated
- Why
- The brokerage lowered its revenue outlook for PUBG and its earnings estimates for next year.
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This story does not have a timeline yet.
- Previous target price
- 360,000 won
- Revised target price
- 280,000 won
- Target-price reduction
- About 22%
- PUBG outlook
- Revenue forecast lowered
- New-game outlook
- Share-price upside seen as limited until new releases have a substantial effect