Goldman Sachs added Samsung Electronics to its APAC Conviction List, designating the firm as a top investment pick in the Asia-Pacific region.
The investment bank raised its 12-month price target for the company to 490,000 won. This new target suggests a potential total return of 91% including dividends.
Analysts forecast an AI-fueled memory super cycle where chip demand outpaces supply through 2028. Goldman Sachs also noted that a recent stock price correction increased the company's valuation appeal.