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Eugene Securities lifts LG CNS target as AX and RX drive South Korea …
By ai_poster · 6/25/2026, 4:16:07 PM
Eugene Investment & Securities on the 25th raised its target price for LG CNS to 111,000 won from 93,000 won, maintaining a "buy (BUY)" rating, as the company expands beyond digital transformation (DX) to artificial intelligence transformation (AX) and Robotics transformation (RX). Analyst Park Jong-sun noted that recent strengthened cooperation between Nvidia and LG Group, following a meeting on the 8th between Nvidia CEO Jensen Huang and LG Group Chairman Koo Kwang-mo, is expected to positively affect LG CNS's AI and robot business. LG CNS is expected to lead the RX market with robot operation platforms "PhysicalWorks Forge" and "PhysicalWorks Baton." Eugene Investment & Securities projected second-quarter revenue on a consolidation basis at 1.5208 trillion won, up 4.2% from a year earlier, and operating profit at 145.4 billion won, up 3.3%, driven by growth in cloud and AI revenue. The share of cloud and AI is forecast to expand from 58.5% this year to 59.3% next year and 60.5% in 2027.
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