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高盛上调三星电子目标价至49万韩元

高盛上调三星电子目标价至49万韩元

高盛称三星第二季营业利润符合预期，并预计存储器供需到2027年进一步收紧，HBM4收入占比将在2026年下半年明显提升。

Fact Check
Both the Odaily newsflash and Chosun Biz (a major Korean business outlet) confirm Goldman Sachs raised Samsung Electronics' target price to 490,000 won, with Q2 operating profit in line with expectations, tightening memory supply through 2027-2028, and HBM4 revenue share rising to exceed 60% of HBM sales in H2 2026 — matching every element of the claim. Additional web-search corroboration from SeDaily and Binance further supports it.
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Summary

高盛在研报中表示，三星电子第二季营业利润符合预期，因此将其2026年至2028年每股盈利预测上调约2%，并把12个月目标价由48万韩元提高至49万韩元（355美元）。该行预计存储器需求增长将明显快于供给，2027年缺口会进一步扩大，2028年供应仍将偏紧。高盛还称，三星与主要数据中心客户签订长期协议，有助于提高盈利能见度并提供下行保护，同时公司正力争成为AI存储器市场领导者，预计HBM4将在2026年下半年占HBM收入逾60%。

Terms & Concepts
  • HBM4: The next generation of high-bandwidth memory used in AI and advanced computing applications.
  • AI memory: Memory products designed to support artificial intelligence workloads, including high-bandwidth memory used in data centers.
  • Price-to-book ratio: A valuation metric that compares a companys market value with its book value.