Shinhan cuts target for Studio Dragon stock to KRW 30,000

Published on 10/19/2026 at 00:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue was forecast at KRW 158.5 billion on October 13, 2026. Studio Dragon stock has a KRW 17.2 billion profit forecast.

Target revisions and earnings outlook

Shinhan Securities lowered its target from KRW 32,000 to KRW 30,000 on October 13, 2026.
Studio Dragon generated KRW 145.3 billion in second-quarter revenue, up 26.9 percent year over year.
Studio Dragon had a KRW 697.4 billion market capitalization on October 16, 2026, with a KRW 19,000 to KRW 50,500 52-week range.

Studio Dragon, KR7253450001, Illustration mit AI erstellt.

Studio Dragon (ISIN KR7253450001) faced a lower analyst valuation after Asia Business Daily reported on October 13, 2026, that Shinhan Securities cut its target from KRW 32,000 to KRW 30,000 while keeping its Buy rating. The note also forecast stronger third-quarter earnings, creating a clear split between improving operations and a more cautious valuation.

Analysts lower targets

Shinhan Securities forecast third-quarter revenue of KRW 158.5 billion, up 16.1 percent year over year, and operating profit of KRW 17.2 billion, up 64.5 percent. The source said revenue would exceed consensus of KRW 145.7 billion by 8.8 percent and operating profit would exceed KRW 14.1 billion by 21.9 percent.

Aju Press reported on October 13, 2026, that KB Securities lowered its target to KRW 32,000 while retaining its Buy rating. KB Securities forecast third-quarter operating profit of KRW 14.8 billion, showing that the target reductions reflected valuation caution rather than a uniform earnings downgrade.

What does the target cut change?

The operating trend is the key counterweight. ATS View listed second-quarter 2026 revenue of KRW 145.3 billion, up 26.9 percent year over year, and operating profit of KRW 15.4 billion, equal to a 10.6 percent margin. That comparison shows why analysts can expect profit growth even as production volume remains under scrutiny.

Three dated Studio Dragon events

On June 30, 2026, second-quarter revenue reached KRW 145.3 billion and operating profit reached KRW 15.4 billion. On October 2, 2026, Yonhap News reported that Samsung Securities lowered its target from KRW 33,000 to KRW 30,500. On October 13, 2026, Shinhan Securities lowered its target from KRW 32,000 to KRW 30,000.

Stock valuation and dates

A finance quote showed Studio Dragon at KRW 23,200 on October 16, 2026, against a 52-week range of KRW 19,000 to KRW 50,500 and a market capitalization of KRW 697.4 billion. The next visible catalyst is the third-quarter earnings outlook, with Shinhan Securities forecasting KRW 17.2 billion in operating profit and a 10.9 percent margin.

Operational recovery meets caution

Studio Dragon develops television series for broadcasters and digital platforms, while its recent analyst coverage emphasizes production-cost efficiency, global streaming distribution and intellectual-property ownership. The company had 179 full-time employees according to its corporate profile, and its headquarters are in Seoul.