Kakao Stock Falls Below 30,000 Won; Brokers Cut Price Targets Citing Unconfirmed AI Monetization

According to DB Securities and Hana Financial Investment, Kakao's share price fell below 30,000 won on July 7 as brokerage firms downwardly revised price targets despite expecting stable second-quarter earnings. While the company's core KakaoTalk advertising and e-commerce businesses are forecast to perform well, brokers cited unconfirmed monetization progress in AI services as the reason for valuation pressure, with the stock trading near historical lows.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments