Nomura Cuts Krafton Target to 210,000 Won on Weaker PC Games
Nomura expects Krafton's near-term earnings to stay under pressure from weaker PC game revenue. The neutral rating holds, while the target falls to 210,000 won.
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what happened
According to Market Talk, Nomura analyst Angela Hong wrote in a note that Krafton's near-term earnings are under pressure from weaker revenue in its PC games. New titles planned for 2027 could act as catalysts, but their release timing and commercial traction are not yet clear enough to meaningfully speed up earnings growth.
Nomura expects PUBG to remain the main earnings driver through the first half of 2027, with steady mobile revenue partly offsetting the PC decline. The bank cut its target price to 210,000 won from 300,000 won and kept a neutral rating. At the time of reporting, the shares were down 1.9% at 188,200 won.
why it matters
For investors, the note suggests Krafton's earnings recovery hinges on new releases and mobile sales rather than PC titles. The lower target signals more cautious expectations from the broker, even though its rating stays neutral.
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sources
- Krafton's Pipeline Needs Validation as PC Weakness Weighs — Market Talk, 23 October 2026 at 02:55 UTC
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