Kakao Games stock target raised to KRW 15,000 by Mirae Asset

Mirae Asset Securities has raised its target price for Kakao Games to 15,000 KRW from 9,000 KRW, according to a report published by Aju Press on October 22, 2026. The brokerage kept its Buy recommendation and linked the more positive outlook to new game launches and a leaner cost structure.

Profitability remains a forward-looking story

Mirae Asset expects Kakao Games to remain loss-making in the third quarter and forecasts full-year revenue of 388 billion KRW with an operating loss of 100 billion KRW. For 2027, it projects revenue of 833 billion KRW and operating profit of 145 billion KRW.

The forecast assumes that the company can move from an operating loss of about 100 billion KRW this year to a profit next year. That would represent a significant operational turnaround, but it remains dependent on execution and the commercial performance of upcoming titles.

New releases are the central catalyst

Aju Press reported that Kakao Games launched Cracking on October 18 and plans to release ArcheAge Chronicle later this year. Four additional titles, including Guardians Order, are scheduled for next year. Mirae Asset views the easing of earlier launch-delay concerns as supportive of its forecast.

The brokerage also expects Kakao Games to streamline non-core operations, improve development-team efficiency and reduce personnel and fixed-cost burdens. These measures are intended to allow higher game revenue to flow through more efficiently, although the forecast does not remove the execution risks associated with a concentrated release schedule.

The broader South Korean market can be followed through current KOSPI market reports.

More company-specific developments are available in more news and analyses on Kakao Games stock.