A woman walks past the Samsung Electronics logo in the company’s Seocho building in Seoul on January 30, 2020.
Jung Yeon-je | AFP via Getty Images
Samsung Electronics is ready to launch its latest Galaxy Galaxy smartphones on Thursday earlier than expected.
But that’s not why analysts are bullish on the stock. Unlike 7 or 8 years ago, Samsung’s market performance today is largely driven by its semiconductor device, analysts say. And they like what it looks like in 2021
“The Samsung share is now more correlated with the outlook for its semiconductor business, which we expect to account for 61% of operating profit compared to smartphone-related business, which is only expected to account for 24% of operating profit this year,” said Sanjeev Rana. , an analyst at CLSA.