Meritz cuts target for Krafton stock from KRW 350,000 to KRW 290,000

Published on 10/20/2026 at 01:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meritz projects KRW 1.121 trillion in third-quarter revenue for Krafton stock. Results are scheduled for November 5, 2026.

Growth outlook and reporting date

Meritz reduced its Krafton target from KRW 350,000 to KRW 290,000 on October 13, 2026.
Third-quarter revenue is projected at KRW 1.121 trillion and operating profit at KRW 294.2 billion.
The next earnings report is scheduled for November 5, 2026.

Krafton, KR7259960003, Illustration mit AI erstellt.

Krafton (ISIN KR7259960003) faces a lower Meritz Securities target of KRW 290,000, down from KRW 350,000 on October 13, 2026. According to ChosunBiz, the analyst house kept its Buy rating while pointing to Krafton's reliance on existing games and the end of development for PUBG: Black Budget.

What does the target cut mean?

Meritz projected third-quarter revenue of KRW 1.121 trillion and operating profit of KRW 294.2 billion. The forecast implies revenue growth of 28.8 percent from the prior year, while operating profit was expected to decline 15.6 percent. Financial News reported that the assessment also placed third-quarter net profit at KRW 136.2 billion.

The central issue is the balance between PUBG cash generation and the pipeline of new intellectual property. ChosunBiz reported that Krafton had presented five new IP projects at Gamescom, including Zetta, Agetwister and Tarae, while Meritz judged the current lineup insufficient to support meaningful growth beyond PUBG in 2027.

Three dated Krafton developments

On October 6, 2026, Inven Global reported that Kyobo Securities cut its target from KRW 390,000 to KRW 370,000. On October 8, 2026, Krafton began a three-year joint research project with Seoul National University on world models for games and robotics, as reported by Ground News. On October 13, 2026, Meritz lowered its target to KRW 290,000 from KRW 350,000.

Upcoming company dates

The next dates are October 23, 2026, when Krafton's recruitment-linked internship was scheduled to end, and November 5, 2026, for the next earnings report. Investing.com lists November 5, 2026 as the next reporting date.

KRX price and valuation context

Krafton was last at KRW 201,000 on the KRX on October 19, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 8.7 trillion on the same quote date, while the 52-week range was KRW 180,600 to KRW 303,500. The figures frame the analyst debate around near-term earnings execution and the longer-term ability to diversify beyond PUBG.