Goldman cuts KOSPI target 25% to 9,000, but the new target still implies ~62% upside
Bloomberg reported this weekend that Goldman Sachs cut its 12 month target for South Korea's KOSPI index 25%, to 9,000 from 12,000, after a 35%+ drop from the June peak.
KOSPI sits near 5,550 at about 4x forward earnings, so even the cut target is 62% upside. If the 65% earnings collapse being priced in actually hits, you still pay only about 11.4x.
https://x.com/StockMKTNewz/status/2114343928937812267
Sources: @Cointelegraph: Goldman slashed its KOSPI target 25%; index down over 35% from June peak as the AI trade unravels · X story: KOSPI near 5,550 at about 4x forward earnings, pricing a 65% earnings decline next year
Not financial advice. For informational and educational purposes only.
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