Largan Precision stock: Morgan Stanley adjusts target for Largan Precision stock to TWD 9,040

Published on 10/24/2026 at 02:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

President Capital cut its rating to Neutral at TWD 7,200 on October 13, 2026. Largan Precision stock posted a 42.21 percent Q3 margin.

Targets and operating pressure

Morgan Stanley adjusted its target to TWD 9,040 on October 13, 2026.
Third-quarter revenue reached TWD 15.65 billion, down 11.47 percent year over year.
Gross margin fell to 42.21 percent from 49.41 percent in the second quarter.

Largan Precision, TW0003008009, Illustration mit AI erstellt.

Largan Precision (ISIN TW0003008009) drew conflicting analyst signals after Morgan Stanley adjusted its target from TWD 7,100 to TWD 9,040 on October 13, 2026, according to MarketScreener. The company reported weaker third-quarter operating figures, making margin recovery the key issue behind the valuation debate.

Margin pressure meets expansion

Largan's third-quarter revenue was TWD 15.65 billion, down 11.47 percent from a year earlier, while net profit fell 27.65 percent to TWD 5.18 billion. Gross margin dropped to 42.21 percent from 49.41 percent in the second quarter and 47.24 percent a year earlier, according to Taipei Times.

The pressure came as lower yields for new smartphone camera lenses and higher green energy costs weighed on profitability. At the same time, Largan is building a second growth path in fiber arrays and fiber array units for co-packaged optics, with the first production line planned for the middle of 2027 and volume shipments expected in the second half of 2027.

What does the target change mean?

Morgan Stanley upgraded Largan to Overweight from Equal-Weight and raised its target to TWD 9,040 from TWD 7,100 on October 13, 2026. President Capital Management took the opposite view, downgrading the stock to Neutral from Buy with a TWD 7,200 target on the same date, according to MarketScreener. The split reflects a simple tension: smartphone demand and yields are weakening, while the optical components expansion could broaden Largan's earnings base.

Three dates shape the case

On October 8, 2026, Largan reported third-quarter revenue of TWD 15,650,820 thousand and net income of TWD 5,182,451 thousand, according to Quartr. On October 9, 2026, the reported gross margin of 42.21 percent became the central operating warning. On October 13, 2026, the Morgan Stanley and President Capital target changes put TWD 9,040 and TWD 7,200 into direct contrast.

Stock trades in Taiwan

Largan Precision closed at TWD 6,175.00 on the Taiwan Stock Exchange on October 22, 2026. Its market capitalization was TWD 807.7 billion, and its 52-week range was TWD 2,020.00 to TWD 7,995.00 on that date. The figures leave the stock below the upper end of its annual range while investors weigh near-term smartphone exposure against the fiber-array expansion.