Morgan Stanley has upgraded its rating for LG Display (LPL, Financial) to Equal Weight from the previous Underweight status. Alongside this upgrade, the price target has been increased to KRW 9,500 from the earlier KRW 8,600. The financial firm believes that the valuation and earnings risks associated with weak end markets and an uncertain cyclical environment have been factored in.
Morgan Stanley anticipates that LG Display will see a significant boost in profitability and earnings improvement from the third quarter onward. This positive outlook is driven by a substantial contribution from OLED technology and reductions in fixed costs. The adjustments suggest a promising turnaround for the company’s financial performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for LG Display Co Ltd (LPL, Financial) is $3.50 with a high estimate of $3.50 and a low estimate of $3.50. The average target implies an upside of 3.24% from the current price of $3.39. More detailed estimate data can be found on the LG Display Co Ltd (LPL) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, LG Display Co Ltd's (LPL, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LG Display Co Ltd (LPL, Financial) in one year is $3.87, suggesting a upside of 14.16% from the current price of $3.39. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LG Display Co Ltd (LPL) Summary page.
