NCSoft stock: NH Investment cuts target for NCSoft stock to KRW 320,000

Published on 10/24/2026 at 03:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aion 2 reached 398,000 peak users on October 5, 2026. The target for NCSoft stock is KRW 320,000 after a KRW 60,000 cut.

Launch metrics and earnings

NH Investment lowered its NCSoft target from KRW 380,000 to KRW 320,000 on October 8, 2026.
Second-quarter 2026 revenue reached KRW 770.5 billion, while operating profit was KRW 173.9 billion.
Aion 2 recorded 398,000 peak concurrent users on its October 5, 2026 launch.

NCSoft, KR7036570000, Illustration mit AI erstellt.

NCSoft (ISIN KR7036570000) saw NH Investment & Securities cut its target from KRW 380,000 to KRW 320,000 on October 8, 2026, according to Edaily. The reduction followed the global launch of Aion 2 and puts early player traction at the center of the stock story.

Three launch milestones shape the debate

On October 2, 2026, Hyundai Motor Securities raised its NCSoft target from KRW 350,000 to KRW 380,000 as Aion 2 early access gained traction, Chosun reported. On October 5, 2026, Aion 2 reached 171,530 peak concurrent Steam users during early access, according to the same report. On October 8, 2026, NH Investment cut its target to KRW 320,000 while keeping its Buy rating, Edaily said.

What does Aion 2 mean for revenue?

The analyst forecast gives the launch a measurable earnings test. NH Investment projected third-quarter 2026 revenue of KRW 749.7 billion, up 108.2 percent year over year, and operating profit of KRW 106.9 billion, above a KRW 92.9 billion consensus estimate, according to Edaily. The firm also projected KRW 100.0 billion of Aion 2 Global revenue in its first three months and KRW 147.6 billion of fourth-quarter operating profit.

Next publishing shift arrives in 2027

NCSoft is scheduled to take direct global publishing responsibility for Throne and Liberty in February 2027, with a KRW 30.0 billion one-time settlement payment expected in the results, according to Edaily. That date adds a second earnings variable beyond Aion 2's launch curve.

Quarterly profit sets the baseline

NCSoft reported KRW 770.5 billion of revenue and KRW 173.9 billion of operating profit for the second quarter of 2026. The figures provide the financial baseline against which Aion 2's user retention and monetization will be judged.