LG Electronics is accelerating its shift from a traditional home appliance maker toward AI infrastructure and robotics, as analysts increasingly value its business-to-business (B2B) realignment and longer-term profit quality. On Sept. 29, Daishin Securities raised its target price 12.5% to 270,000 won, approximately $199, while keeping its Buy recommendation, even as it cut its full-year operating profit forecast 5.1% to 4.64 trillion won. The brokerage lifted its target price-to-book ratio (PBR) to 1.9x, reflecting the potential of AI data center cooling, vehicle components and robotics. LG Electronics secured approximately 600 billion won of AI data center cooling orders in the first half of the year and is pursuing another 2 trillion to 3 trillion won in the second half. Revenue from those higher-value businesses is expected to begin appearing from the second quarter of next year, with profitability projected to improve significantly. The company has built a cooling value chain spanning cold plates, coolant distribution units (CDUs), chillers and external heat rejection systems, and Nvidia approved its 2.5 MW-class CDU for AI Factory standards. Robotics growth includes external actuator sales, in-house production and an advancing Nvidia partnership. In vehicle components, revenue is forecast to rise 11.9% to 12.46 trillion won and operating profit 56.6% to 891 billion won this year, lifting the margin from 5.1% to 7.2%. Consolidated third-quarter operating profit is estimated at 941.9 billion won and revenue at 24.76 trillion won, below consensus operating profit of 1.06 trillion won, while standalone operating profit excluding LG Innotek is estimated to jump 65.7% to 792.3 billion won. Analysts expect valuation to increasingly reflect mobility and robotics as LG Electronics develops more order-backed B2B revenue.