Kakao Bank stock: KB Securities cuts target for Kakao Bank stock to KRW 29,000

Published on 10/23/2026 at 06:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KB Securities cut its target from KRW 31,000 to KRW 29,000 on October 6, 2026. Third-quarter results for Kakao Bank stock are due November 4.

Target cut and results date

KB Securities lowered the target from KRW 31,000 to KRW 29,000 on October 6, 2026.
Third-quarter net income was forecast at KRW 125.1 billion, 12.0 percent below consensus.
KakaoBank scheduled its third-quarter disclosure for November 4, 2026.
Market capitalization stood at KRW 9.7 trillion on October 19, 2026.

Kakao Bank, KR7323410001, Illustration mit AI erstellt.

Kakao Bank (ISIN KR7323410001) faces a target cut from KRW 31,000 to KRW 29,000 by KB Securities on October 6, 2026, as MK reported. The brokerage retained its Buy rating while pointing to weaker third-quarter loan growth and funding income pressure from higher interest rates.

Target cut reflects weaker growth

Newspim reported on October 7, 2026, that KB Securities forecast third-quarter standalone net income of KRW 125.1 billion. That would represent 12.3 percent growth from the same period a year earlier but sit 12.0 percent below the average securities-firm estimate.

The same forecast put won-denominated loans 1.3 percent above the prior quarter and the net interest margin at 2.17 percent, up 0.04 percentage points. Selling and administrative expenses were expected to rise 10.2 percent quarter over quarter, adding pressure to profitability.

Three dates shape the setup

On October 2, 2026, KakaoBank disclosed a third-quarter reporting date of November 4, 2026, for the July 1 to September 30 accounting period through Korea DART. On October 6, 2026, KB Securities reduced its target to KRW 29,000 from KRW 31,000, according to MK. On October 19, 2026, KakaoBank's company quote page showed KRW 20,300, a market value of KRW 9.7 trillion and a 52-week range of KRW 19,110 to KRW 29,500.

What comes next for earnings?

The next scheduled company event is the third-quarter results disclosure on November 4, 2026, followed by an earnings conference call at 10:00 a.m. Korea Standard Time, according to Korea DART. The scheduled accounting period ends September 30, 2026.

Kakao Bank quote and valuation

Kakao Bank was trading at KRW 19,830 on the KOSPI at 1:13 p.m. KST on October 23, 2026. The company operates a digital banking business in South Korea, with deposits, loans, cards, investment products and business-owner services among its offerings.