Samsung SDI stock rises as target price reaches KRW 640,000

Published on 09/28/2026 at 12:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Samsung SDI stock saw Samsung Securities lift its target by 16.40 percent on September 28, 2026. Q3 sales are projected at KRW 4.1 trillion as ESS capacity expands.

Samsung SDI, KR7006400006, Illustration mit AI erstellt.

Samsung SDI (KR7006400006) stock was trading at KRW 533,000.00 on KRX at 3:30 p.m. KST on September 28, 2026, up 2.30 percent from KRW 521,000.00. The immediate catalyst was a higher analyst valuation tied to North American energy storage system capacity.

Target price reaches KRW 640,000

Aju Press reported on September 28, 2026, that Samsung Securities raised its Samsung SDI target price from KRW 550,000.00 to KRW 640,000.00, an increase of 16.40 percent. The house retained its buy recommendation and linked the change to expanded North American ESS production and expected policy support.

Samsung Securities also projected Q3 2026 sales of KRW 4.1 trillion and operating profit of KRW 202.9 billion, compared with market expectations of KRW 125.1 billion. That operating-profit gap of KRW 77.8 billion gives the estimate its main market relevance.

Q2 profit ends seven-quarter loss streak

Samsung SDI's operating performance had already improved before the new target. According to Korea Financial Times on September 16, 2026, the company posted KRW 203.8 billion in operating income in Q2 2026, its first profitable quarter in seven quarters. First-half operating profit stood at KRW 48.2 billion.

The quality of that recovery remains an important detail. The same report said Q2 operating income included KRW 107.7 billion in U.S. subsidies, while operating income excluding that support was KRW 96.1 billion. The result still leaves Samsung SDI dependent on a strengthening battery market, but it also shows that the quarter was not entirely subsidy-driven.

ESS capacity is the central test

Aju Press reported that Samsung Securities expects North American ESS capacity to rise from 30 GWh in 2026 to 50 GWh by 2028. The forecast also assumes that the small-battery business returns to quarterly profitability through battery backup units, power tools and higher North American shipments.

For investors, the comparison between the KRW 640,000.00 target and the KRW 533,000.00 market price makes execution the key issue. Samsung SDI must convert planned capacity growth into recurring earnings while the electric-vehicle market remains uneven.

Stock trades at KRW 533,000.00

Samsung SDI stock was last at KRW 533,000.00 on KRX on September 28, 2026 at 3:30 p.m. KST, with a 2.30 percent daily gain. The share price remains between its 52-week range of KRW 201,500.00 and KRW 723,000.00.