Seven South Korean Brokerages Raise LG Electronics Target Price to Avg 248,125 Won After Q2 Earnings Beat

According to Yonhap Infomax, seven South Korean brokerages on July 9 upgraded LG Electronics' (066570.KS) average target share price to 248,125 Korean won following the company's Q2 earnings surprise on July 7. LG posted operating profit of 1.5788 trillion won for the quarter, surging 146.9% year-over-year and significantly exceeding market consensus of around 1 trillion won. Individual broker targets ranged from 240,000 to 260,000 won, implying upside of 26.7% from LG's current stock price of 195,800 won.

Brokers cited improved profitability in core businesses alongside emerging opportunities in AI data center cooling solutions and robotics as drivers for re-rating. LG is in final testing stages for cooling systems with North American hyperscalers, with potential revenue contribution expected from late 2027. The company is also advancing robotics initiatives, including actuators and collaborations with Nvidia on physical AI applications.