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| ▲ This photo, provided by JYP, shows TWICE. (PHOTO NOT FOR SALE) (Yonhap) |
SEOUL, April 1 (Yonhap) -- Samsung Securities raised its target stock price of JYP Entertainment from 63,000 won to 72,000 won, reflecting the growth of its artists, on Friday. The investment opinion maintained "buy."
Researcher Choi Min-ha explained, "TWICE has shown great success not only in Korea but also in the global market, and has recently shown great success in offline concerts."
The researcher added, "Stray Kids' mini-album "ODDINARY" topped the main albums chart "Billboard 200,” confirming its global popularity, and NMIXX, which debuted in February, is expected to establish a fast market while JYP has a strong lineup of artists preparing for its debut."
"The artist's performance was bigger than expected, raising net profit estimates for this year and next year by 8 percent, respectively," Choi said. "We expect the sales of concerts to increase more than before due to the expansion of artist fandom during the pandemic."
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