Macquarie analyst Daniel Kim upgraded Samsung Electronics (SSNLF) to Outperform from Neutral with a price target of KRW 95,000, up from KRW 55,000. The $16.5B Tesla (TSLA) contract win is “a breakthrough for the ailing Foundry division” that should not only increase its fab utilization rate, but also work as a reference for future bigger projects, the analyst tells investors. The DRAM upcycle is strong and likely sustainable into 2026 and Samsung is “the major beneficiary of the prolonged DRAM upturn,” the analyst added.
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