Samsung Electronics’ stock price peaked on January 11 of this year, since then it has fluctuated with a predominance of decline, and has been falling continuously for the past four months, which has not been observed since 2018. Since the beginning of this month, the shares of the Korean conglomerate have lost 3% in price, and since January 11, the decline has reached 21%. Samsung’s capitalization, thus, decreased by $ 15.3 billion.
Investors are concerned about both the saturation of the smartphone market and the reversal of the trend in the RAM market, which should begin to fall in price in the near future. At least, Micron’s forecast, expressing such a point of view, has already caused a decline in the share price of the American company. Samsung’s overseas investors are also worried about inflationary processes, among other things.
All this does not prevent Korean analysts from recommending Samsung shares for purchase in 93% of cases, as he explains. Bloomberg… In the next twelve months, in their opinion, Samsung’s stock price will rise by more than 40%. It cannot be ruled out that at the end of this week, the announcement of preliminary data on revenue and operating profit of Samsung will allow the company to exceed the expectations of investors. Some analysts, for example, believe that Samsung ended the third quarter with a record revenue of $ 62.7 billion, and its operating profit grew by 30% at once.