LS Securities cuts target for KakaoPay stock to KRW 57,000

Published on 10/14/2026 at 03:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LS Securities cut its target to KRW 57,000 on October 13, 2026. For KakaoPay stock, Q3 2026 revenue is forecast at KRW 301.1 billion.

Target cut and earnings outlook

LS Securities lowered its KakaoPay target from KRW 61,000 to KRW 57,000 on October 13, 2026.
KakaoPay's third-quarter 2026 revenue is forecast at KRW 301.1 billion, up 26.30 percent year over year.
Second-quarter 2026 revenue reached KRW 335.0 billion, up 40.60 percent year over year.

KakaoPay, KR7377300009, Illustration mit AI erstellt.

KakaoPay (ISIN KR7377300009) faces a lower analyst target after LS Securities reduced its forecast from KRW 61,000 to KRW 57,000 on October 13, 2026. The change reflects weaker securities trading activity, while payment, lending and insurance operations are expected to keep expanding.

Target falls as securities weaken

According to NewsPim on October 13, 2026, LS Securities kept its Buy rating but cut the target from KRW 61,000 to KRW 57,000. The KRW 4,000 reduction equals 6.56 percent of the previous target, calculated against KRW 61,000.

The same report projects third-quarter 2026 consolidated revenue of KRW 301.1 billion, up 26.30 percent from the prior-year quarter, and operating profit of KRW 31.9 billion, up 102.00 percent year over year. Compared with the second quarter, revenue is expected to fall 10.10 percent and operating profit 45.50 percent.

What is changing in the forecast?

Buffett Research reported on October 13, 2026, that LS Securities expects payment-services revenue of KRW 147.2 billion in the third quarter, up 13.50 percent year over year. The estimate points to a sharper split between payment growth and securities-related weakness.

The report also puts financial-business revenue at KRW 134.4 billion for the third quarter, 20.70 percent below the earlier estimate of KRW 169.4 billion. For investors, the key test is whether payment, lending and insurance growth can offset the near-term pressure on securities fees.

Recent results remain stronger

In the second quarter of 2026, KakaoPay reported revenue of KRW 335.0 billion, up 40.60 percent year over year, and operating profit of KRW 58.6 billion, according to ATS View. Operating profit therefore represented a 17.50 percent margin in that quarter.

KakaoPay operates payment, lending and credit-scoring, securities and insurance services. The company is listed on the Korea Exchange KOSPI market under ticker 377300, giving the third-quarter forecast a direct test against a still-expanding digital-finance platform.