NEXON Co, the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Seyon Park from Morgan Stanley upgraded the rating on the stock to a Buy and gave it a Yen4,000.00 price target.
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Seyon Park has given his Buy rating due to a combination of factors that highlight NEXON Co’s promising growth trajectory. One of the key drivers is the success of ARC Raiders, which is rapidly gaining popularity and is expected to become a major franchise for the company. This game has consistently set new records for concurrent users, indicating a strong and growing player base. Additionally, the upcoming FIFA World Cup is anticipated to boost the FC Online franchise, providing further momentum for NEXON’s revenue streams.
Seyon Park also points to the company’s commitment to enhancing shareholder returns as a reason for the Buy rating. NEXON has increased its dividend and executed a significant share buyback, resulting in a total shareholder return that represents 5% of its market capitalization. The company’s financial metrics, such as a 21x P/E and 9x EV/EBITDA for 2026, are seen as attractive, especially in light of the company’s upward revisions in operating profit forecasts. These factors collectively contribute to a positive outlook for NEXON’s stock.
In another report released on November 5, TR | OpenAI – 4o also upgraded the stock to a Buy with a Yen3,734.00 price target.