Citi: Raises Samsung Electronics' operating profit forecast, reiterates "Buy" rating.

Citi issued a research report, raising its operating profit forecasts for Samsung Electronics for fiscal years 2027 and 2028 by 6% and 9%, respectively. Although the market is concerned about memory specification downgrades and AI security issues, memory demand is expected to further tighten the memory supply-demand balance through 2028. The bank maintained its "Buy" rating on the company with a target price of 430,000 Korean won.