With GOT7's comeback, JYP Entertainment's target stock price has been raised.

JYP Entertainment's target share price has risen.

The performance is expected to gradually improve by 2021 due to the activities of existing idol groups such as TWICE and GOT7 and girl group NiziU, which will debut in Japan.

Lee Nam-soo, a researcher at Kiwoom Securities Co., raised the target stock price of JYP Entertainment from 43,500 won to 48,000 won on Wednesday. Investment opinions maintained a buy-in (BUY).

Shares of JYP Entertainment closed at 37,950 won on Thursday.

"We expect sales of TWICE and GOT7's albums, which will be released by JYP Entertainment in the fourth quarter, to increase as they are sold to many fans," the researcher said. "We expect girl group NiziU, which will make its official debut in Japan in December, to lead to increased sales in Japan."

JYP Entertainment is expected to generate 47.2 billion won in sales and 23 billion won in operating profit on a consolidated basis in the fourth quarter. Compared to the fourth quarter of 2019, sales will increase by 6.5% and operating profit will decrease by 1.8%.

 

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