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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities said on the 8th that Naver is expected to see a rise in stock prices due to increased demand for artificial intelligence (AI) this year, suggesting its target stock price at 310,000 won and maintaining its investment opinion of "buying."
"This year, Naver expects stock prices to rise once again through earnings growth and AI," NH Investment & Securities said. "It is also positive that growth stocks are already responding on expectations of a rate cut."
NH Investment & Securities said, "Cue, an AI-based search service, will soon release a mobile version and B2B services such as Clover Studio will soon be released."
It also positively assessed its performance in the fourth quarter of last year. NH Investment & Securities estimates that Naver's sales in the fourth quarter of last year will rise 13.3% from a year ago to KRW 2.57 trillion and operating profit will rise 20.5% to KRW 405.4 billion.
"Search platform sales rose only 1.1% from a year ago due to sluggish display advertisements, but commerce sales that started introducing the billing system seem to be good," said NH Investment & Securities.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
