Naver stock: Shinhan Securities raises target for Naver stock to KRW 310,000
Published on 10/24/2026 at 03:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNaver's growth case and timing
- Shinhan Securities lifted its Naver target to KRW 310,000 on October 19, 2026.
- Second-quarter revenue reached KRW 3.3888 trillion, up 16.2 percent year over year.
- Naver is scheduled to report third-quarter results on November 12, 2026.
Naver (ISIN KR7035420009) drew a higher target of KRW 310,000 after Shinhan Securities raised its previous target of KRW 270,000 on October 19, 2026, according to Asia Business Daily. The change puts Naver's AI data center plan at the center of the valuation debate.
AI investment meets margin pressure
NAVER reported second-quarter 2026 revenue of KRW 3.3888 trillion on August 7, 2026, up 16.2 percent from the prior year. Operating profit was KRW 520.3 billion, down 0.2 percent, while the operating margin fell to 15.4 percent from 17.9 percent.
The result shows the trade-off behind the new target. Financial Platform revenue reached KRW 470.7 billion, up 16.0 percent year over year, while Npay payment volume reached KRW 25.2 trillion, up 21.0 percent, according to the same NAVER release. Global C2C revenue increased 74.9 percent to KRW 397.9 billion.
What does the target mean for margins?
Shinhan Securities forecast 2026 operating revenue of KRW 13.8239 trillion, up 14.9 percent, but operating profit of KRW 2.0493 trillion, down 7.2 percent, in the October 19 report carried by Asia Business Daily. The report linked the margin strain to commerce promotions and Naver Pay Connect installation costs.
Three dated steps toward results
On August 7, 2026, NAVER reported KRW 3.3888 trillion of second-quarter revenue and KRW 520.3 billion of operating profit in its official release. On October 19, 2026, Shinhan Securities raised its target from KRW 270,000 to KRW 310,000, as reported by Asia Business Daily. On October 21, 2026, Naver's third-quarter reporting date of November 12, 2026, was published by Simply Wall St.
Next date for the earnings test
Naver is scheduled to release third-quarter 2026 results on November 12, 2026, at 3:00 p.m. Korea Standard Time, according to Simply Wall St. That report should show whether AI infrastructure spending is translating into revenue quickly enough to offset pressure from higher operating costs.
KRW 173,600 last at the Korea Exchange
Naver's last quoted price was KRW 173,600 on the Korea Exchange on October 23, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 26.0 trillion, while the 52-week range was KRW 171,100 to KRW 304,000.
Naver stock facts
- Company: NAVER Corporation
- ISIN: KR7035420009
- Ticker: A035420
- Primary exchange: Korea Exchange
- Last Korea Exchange price: KRW 173,600 (as of October 23, 2026, 3:30 p.m. KST)
- Market capitalization: KRW 26.0 trillion (as of October 23, 2026)
- 52-week range: KRW 171,100-KRW 304,000 (as of October 23, 2026)
- Sector / Industry: Internet Services
- Index membership: KOSPI
- Next earnings date: November 12, 2026
Market context: Market report KOSPI.
