KB Securities cuts Naver profit forecasts, sees slow earnings recovery
KB Securities analysts lowered Naver's operating profit forecasts for 2026 and 2027 and cut the target price to 310,000 won while keeping a buy rating.
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what happened
Market Talk reports that analysts at KB Securities, Jeeeun Lee and Jongkeon Lee, expect Naver's earnings to take time to bounce back. In a note, they reduced their operating profit estimates for the Korean internet platform operator by 5.4% for 2026 and by 10% for 2027.
The analysts argue that spending tied to entering new business lines, together with slow growth in the core business, could keep profitability of the platform segment weak in the near term. They expect the new AI data-center unit to start bringing in revenue in the second quarter of 2027. Winning further contracts and turning them into lasting profit will be the main things to monitor, they said.
KB lowered its target price for the stock by 6.1% to 310,000 won but kept its buy rating. Shares were last down 1.1% at 179,800 won.
why it matters
For investors, the note points to a slower path back to higher profit at Naver, with the timing of the AI data-center business and its ability to land new clients a key test. Analyst target cuts of this kind usually carry limited weight for the broader market.
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- Naver's Earnings Expected Take Time to Recover — Market Talk, 13 November 2026 at 03:42 UTC
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