DB Securities raises Doosan Tesna target price to 150,000 won on strong demand

DB Securities has significantly raised its target price for Doosan Tesna, projecting a strong performance driven by increased demand in key sectors. The brokerage firm increased its target price from 54,000 won to 150,000 won, while maintaining a 'BUY' recommendation for the stock. The current stock price stands at 115,700 won.

The optimistic outlook is based on the expectation of improved earnings for Doosan Tesna, even during the typically slower season for mobile devices. This anticipated growth is attributed to a rise in the utilization rates for automotive semiconductors and memory controllers, indicating a robust demand in these areas.

DB Securities forecasts that Doosan Tesna's revenue and operating profit for the second quarter will reach 80.8 billion won. This projection underscores the firm's confidence in the company's ability to capitalize on the growing semiconductor market, particularly in automotive applications and memory management technologies.