KB Securities keeps KRW 21,000 target for LG Uplus stock

Published on 10/25/2026 at 03:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter operating profit rose 13.1 percent to KRW 344.50 billion. LG Uplus stock traded at KRW 14,160 on October 23, 2026.

Target and earnings outlook

KB Securities maintained a KRW 21,000 target for LG Uplus on October 23, 2026.
Second-quarter operating profit rose 13.1 percent year over year to KRW 344.50 billion.
LG Uplus had a KRW 6.0 trillion market capitalization as of October 23, 2026.

LG Uplus, KR7032640005, Illustration mit AI erstellt.

KB Securities maintained a KRW 21,000 target for LG Uplus (KR7032640005) on October 23, 2026, while forecasting third-quarter operating profit of KRW 304.30 billion. The report also pointed to artificial intelligence data centers as a source of future value creation.

Target reflects AI investment

According to Nate on October 23, 2026, KB Securities kept its KRW 21,000 target and Buy rating. Its third-quarter operating profit forecast of KRW 304.30 billion was close to a KRW 300.80 billion consensus estimate, a difference of 1.13 percent.

The target case rests partly on LG Uplus expanding artificial intelligence data center activity. In the second quarter, AI data center revenue increased 28.90 percent year over year, according to Topdaily on October 16, 2026.

Three dates trace the shift

On October 13, 2026, institutions submitted KRW 1.71 trillion of bids for LG Uplus bonds against a KRW 150.00 billion initial target, as Seoul Economic Daily reported. On October 16, 2026, the planned issuance was increased to KRW 300.00 billion after the order book reached 11.4 times the initial target, according to Topdaily. On October 23, 2026, KB Securities maintained its KRW 21,000 target, as Nate reported.

What supports the AI investment case?

The operating base is improving, but the stock thesis still depends on converting infrastructure investment into recurring earnings. LG Uplus reported second-quarter revenue of KRW 3.69 trillion and net income of KRW 219.72 billion. Operating profit reached KRW 344.50 billion, up 13.10 percent from the same period a year earlier, while earnings before interest, taxes, depreciation and amortization rose 5.90 percent to KRW 1.03 trillion, according to Topdaily.

The next dated financing event was October 21, 2026, when LG Uplus planned to issue the enlarged bond offering, including KRW 130.00 billion for refinancing and KRW 170.00 billion for operating needs.

Stock valuation and trading context

LG Uplus had a market capitalization of KRW 6.0 trillion as of October 23, 2026. Its 52-week range was KRW 13,810.00 to KRW 18,800.00 on the same date. The stock last traded at KRW 14,160.00 on the KRX on October 23, 2026 at 3:30 p.m. KST, below the upper end of that range. The listing is 032640.KS on the KRX under ISIN KR7032640005, according to Global Banking and Finance Review.